Manchester United see commercial revenue increase

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The Independent Football

Manchester United are still on course to become the first football club to break through the £100million barrier for annual commercial turnover.

United have posted their third quarter figures this morning, which show commercial revenue has risen to £75.3million, up 33% compared to 12 months ago.

The increase helps compensate for a combined £5million decrease in media and matchday revenue within the third quarter, which club officials put down to a reduction in the number of home games and the fact prices were pegged for an FA Cup fifth round tie with non-league Crawley in March.

United have also confirmed they have bought back an additional £5.5million in bonds, taking the overall amount purchased to £29.5million.

Total turnover stands at £231.7million, up from £219.3million to March 31, 2011.

United's gross debt has also fallen to £477.7million, although this is thought to be a direct result of a conversion to sterling of money owed in dollars, which is weak against the pound.

The Red Devils still have £113million in cash, or its equivalents, which, despite the likelihood that they will clinch a record 19th league title tomorrow and have a Champions League final against Barcelona to look forward to on May 28, many fans believe should be invested in Sir Alex Ferguson's squad.