LONDON: Manchester United have reported a rise in profit and are set to reach their financial targets after completing a number of sponsorship deals around the globe.

United signed a total of six new sponsorship deals which sent sponsorship revenue up by almost 50%, to £20.8m ($32.2m).

The club recently announced deals with two Chinese companies; the soft drink manufacturer Wahaha and China Construction Bank.

Following on from this, the Premier League side announced Japanese paint manufacturer Kansai as their official paint partner.

On top of these sponsorship deals, United have also bought out Sky’s one-third minority equity stake in MUTV.

Pre-tax profit was up by 47.9pc to £28.4m ($44m) in the three months to the end of December.

Total revenue at the club increased by eight per cent £110.1m ($170.7m), but gross debt also went up to £359.7m ($557.78) from £366.6m ($568.5m)

This is now the second time United has reported financial results since floating on the New York Stock Exchange in 2012.

The floatation coincided with the Glazer family paying down some of its debt, which saw it fall below the £400m ($620.3m) mark for the first time since taking over in Manchester in 2005.

As it stands, shares trade at $19 (£12.25) and the club is worth $3bn (£1.94bn).

The news coincides with Manchester United agreeing an eight-year sponsorship deal for their training kit, with an unidentified company.

Vice-chairman Ed Woodward told financial analysts: “We are delighted with the conclusion of this key sponsorship agreement and at the request our new training kit partner have agreed to withhold further pending details pending a formal announcement.”

The club has bought out the final two years of its training kit agreement with DHL, in order to get a better deal.


iSportconnect Daily News Brief via
16:19 (1 hour ago)

to me
dc-nt2012 email-template
14 February 2013. New Expert Columns by Rick Eyre and Richard Breslin!
IPL Brazil 6_ada9a09acea936d776a6f55c82778c43_s

Manchester United’s Sponsorships Help Boost Profit, New Kit Deal Close

Nike & BT Considering Pistorius Sponsorship after Fatal Shooting

iSportconnect Directors’ Club London – Less Than One Week to Go

Major Press Releases Issued Today
Rogge Explains Wrestling Decision
Special Report: In-Depth Analysis of IOC’s Wrestling Demotion
Soccerex and Confederation of African Football Sign MoU
60 Sponsorship Deals of the Week: 08/02/13
20 Sports Broadcasting Deals of the Week: 08/02/13
Featured iSportconnect Profiles
Alex Gough – CEO, Professional Squash Association
SteveHealeyCropped2Roger Lewis – CEO, Welsh RugbySteveHealeyCropped2
Latest Discussions & Member Updates
Latest Discussions: Make your voice heard… View All
Road to 2020 Summer Olympics Wrestling down but not out, which sport will be added?
by Ismail Uddin  
Soccer Business Real Madrid vs Man United – which players have helped their brand the most?
by Steve Moorhouse  
Olympic & Paralympic Games Wrestling KO’d from the Olympics
by Steve Moorhouse  
Sport Media & Broadcasting What does 3D need to make faster progress?
by Jay Stuart  
Soccer Business Premier League introduces financial regulations – will they work?
by Daniel Anwar  
Event Networking Tools Live
African Cup of NationsAustralian Grand Prix
iSportconnect Directors Club London
Also In The News Today
Exclusive: CEO of WRU Reaffirms Stance on Centrally Contracted Players
NHL Ticket Price Increase More Than NBA, NFL & MLB
AdvancePierre Foods Sponsors Richard Childress Racing
TranSystems Agrees IndyCar Partnership with Rahal Letterman Lanigan Racing
PlayCore Partners with Brooke Pancake to Promote Youth Development
USA Triathlon Agree New Sponsorship Deals
Leavine Family Racing Secure TeaZa Sponsorship
DHL Renews Title Sponsorship of Western Province Rugby
STIHL Continues Sponsorship of British Superbike Championship
Great Waterway Classic Added to 2013 PGA Tour Canada Schedule
Olympic Triathlete Simon Whitfield Seals ABG Sponsorship
ONE World Sports Acquires Broadcasting Rights to Japan’s Yomiuri Giants
Team England Secure Tommy Hilfiger Deal
Schmidt-Curley Design to Renovate Honda LPGA Thailand Course
Sun Life Stadium & Fair of the Americas Agree Long Term Partnership
PrimeSport Unveils Official Ticket Exchange for Wrangler National Finals Rodeo
Bayern Munchen Extend Lufthansa Partnership for Five Years
Alejandro Blanco Re-elected as Spanish Olympic Committee President
Buffalo Sabres Break TV Records
ITU World Triathlon Series Sees Record Broadcast Figures
Havas Appoint Uwe Alten as Managing Director of Havas Sports & Entertainment Germany
Populous and Ateliers 234 to Design New French National Rugby Stadium
Piaget Renews Title Sponsorship Rights of USPA Gold Cup
G-Force Becomes Title Sponsor of ARCA Racing Series
Mid-Ohio Sports Car Course Gets New Official Energy Drink Sponsor
Featured iSportconnect Partner
Expert Columns & Views

Review of a Second Year of the Big Bash League – Rick Eyre

rick eyre final shotRead More

Why age may not come before Olympic beauty for modern pentathlon – Keir Radnedge

KeirRadnedgeTraditionalists…Read More

Developing Sydney’s New Convention and Exhibition Centre – Richard Breslin

Breslin CroppedPopulous…Read More

Latest Jobs
Tournament Manager – Hall of Fame Tennis Championships
Director, Technology – Pittsburgh Penguins
Director, Communications & Creative Services – USA Volleyball
Head of Strategic Partnerships – Youth Sports Trust
Director – Upper Central Zone Rugby League
Media and Communications Coordinator – Equine Canada
Marketing Executive – Womens Football
Marketing Coordinator – Canadian Soccer Association
Communications Manager – Canadian Soccer Association
Market Place 
Bristol Storm – Sponsorship Opportunity
Cardiff Celts Basketball Club – Sponsorship Opportunity
Glamorgan Cricket – Sponsorship Opportunities
Blackpool FC – Sponsorship Opportunities
Part Funded Drive – Spirit Motorsport