Manchester United results: Pre-tax profits increase by nearly £60m thanks to new Adidas deal

United pre-tax profits are up from £81.7m to £141.1m while revenues have increased by over £50m

Manchester United have posted a huge increase in profits and revenue for 2016 (Getty)

Manchester United have reported yearly revenues of over £250m in the annual accounts recently published by Companies House.

The documents for Manchester United Limited show the club had revenues of £253.9m up until the end of June 2016, up from £201.7m in 2015, while pre-tax profits were up to £141.1m from £81.7m.

A new kit sponsorship deal with German company Adidas provided £72.7m while shirt sponsors Chevrolet, part of General Motors, accounted for £52.2m.

The accounts for Red Football Limited, the parent of Manchester United Limited, have also been filed with Companies House and report yearly revenues of £515.3m, up from £395.2m.

In the strategic report, a number of off-field targets regarding revenue were met, but on the pitch the team failed to deliver on achieving a top-three Premier League finish and a last-16 spot in the Champions League, even though Louis van Gaal's side won the FA Cup.

PA