Man Utd expects revenue growth this year

English club Manchester United said it expected revenue to grow in the current financial year after paying the price of a rare barren season on the field in 2011/12.

United, floated in New York last month, forecast its underlying earnings (EBITDA) should rise to 107-110 million pounds in 2012-13, while revenue was likely to be between 350-360 million pounds.

The figures were based on the assumption that United reached the quarter-finals of the European Champions League and domestic cup competitions.


United failed to make it past the group stages of the Champions League last season, prompting a 16.5 percent fall in adjusted EBITDA to 91.6 million pounds. Total revenue dipped 3 percent to 320.3 million pounds in the year to June 30, 2012.