Skip to main content

Quiet in transfer window but Manchester United announces record revenue

September 18, 2013 -- Updated 1741 GMT (0141 HKT)
Manchester United played a pre-season game in Hong Kong in July and is hugely popular in Asia.
Manchester United played a pre-season game in Hong Kong in July and is hugely popular in Asia.
STORY HIGHLIGHTS
  • Manchester United announces a club record annual revenue of $580 million
  • The English Premier League champion also says sponsorship revenue increased 44 percent
  • But most United fans are disappointed the team didn't buy more players in the summer
  • United was linked with Cristiano Ronaldo, Cesc Fabregas and Ander Herrera

(CNN) -- While Real Madrid signed Gareth Bale in the summer's highest-profile football transfer and added several other big names, Manchester United fans were left largely underwhelmed by the Premier League champion's moves in the off-season.

They might be even more disappointed after learning how much United made in its last fiscal year -- and therefore had to spend.

The record 20-time league winner in England -- self described as "one of the most popular and successful sports teams in the world" -- announced record revenues of $580 million for the year ended June 30, 2013 and said commercial revenues soared to a record $244 million.

Read: United second 'most valuable' sports team

It left executive vice-chairman Ed Woodward, who replaced David Gill in the United hierarchy, to declare on United's website: "It has been a little over a year since our IPO (initial public offering) and in that time we have delivered on our targets and objectives.

"Our commercial business continues to be a very powerful engine of growth enabling the team to continue to be successful."

But United, in its first season without legendary manager Alex Ferguson, was largely quiet under new boss David Moyes and Woodward as it defends its Premier League title, signing just Marouane Fellaini and relatively unknown Uruguayan Guillermo Varela.

United was linked with Cristiano Ronaldo, Cesc Fabregas, Ander Herrera and Leighton Baines -- who all stayed put with their current clubs.

"It's been pretty disappointing," said Andy Green, a United supporter who tweets about football finances. "I don't think it's Moyes' fault. He gives his targets to the club. I don't think he should be held accountable at all."

Meanwhile, city rival Manchester City bought four key players prior to August, Chelsea swooped for the likes of Samuel Eto'o and Willian and Arsenal smashed its transfer record by purchasing Mesut Ozil from Real Madrid for more than $65 million.

Read: Real Madrid doesn't do austerity

Tottenham splashed out on more than half-a-dozen stars, attempting to make up for the loss of Bale.

"United's commercial acumen isn't of value because it doesn't lead to a bigger stadium, lower ticket prices or better players," said Green. "You have all these commercial deals but it's no benefit to the football club."

United has made a lukewarm start to the league season, winning two of its four games, although it began its Champions League campaign with a win Tuesday against Bayer Leverkusen.

United is "delighted to have David Moyes lead our football team into a new and exciting chapter," Woodward said. "We look forward to a successful 2013/14, both on and off the pitch."

ADVERTISEMENT
Part of complete coverage on
August 15, 2014 -- Updated 1151 GMT (1951 HKT)
Last season Jose Mourinho wrote off the title of hopes of his "little horse" -- but now he has a squad primed to dethrone Manchester City.
August 14, 2014 -- Updated 1858 GMT (0258 HKT)
Luis Suarez will have to wait until late October to make his competitive Barcelona debut his ban for biting an opponent was partially upheld.
August 14, 2014 -- Updated 1649 GMT (0049 HKT)
Can Louis van Gaal cut it at Manchester United? Will Bayern conquer all in Germany? Is this PSG's year to win the Champions League?
August 7, 2014 -- Updated 1012 GMT (1812 HKT)
It's been a difficult year for Barcelona on and off the pitch, and the signing of Luis Suarez has only increased the prospect of more controversy.
August 11, 2014 -- Updated 1435 GMT (2235 HKT)
Germany striker Miroslav Klose, who scored a total of 16 goals at four World Cup finals, has announced his retirement from international football.
July 31, 2014 -- Updated 1145 GMT (1945 HKT)
Cultural y Deportivo Leonesa line up in their tuxedo kit.
When celebrating an important anniversary, it's always good to look your best. At least that's theory for a Spanish football team's preseason tuxedo kit.
July 30, 2014 -- Updated 1103 GMT (1903 HKT)
While many top European clubs are targeting the U.S. market, French football is setting its sights on expanding into Asia -- with China playing a key role.
July 27, 2014 -- Updated 1229 GMT (2029 HKT)
Major League Soccer has snared another big name from England with former Chelsea star Frank Lampard committing his future to New York City FC.
July 23, 2014 -- Updated 1656 GMT (0056 HKT)
Europe's top clubs have booked a summer holiday to the U.S. -- but this is business not pleasure as they look to cash in on the World Cup afterglow.
July 22, 2014 -- Updated 1828 GMT (0228 HKT)
Brazil's new coach Dunga won the World Cup as a player in 1994.
Former World Cup-winning captain Dunga is appointed coach of Brazil's national team for the second time, charged with restoring national pride.
July 22, 2014 -- Updated 1420 GMT (2220 HKT)
Colombia's World Cup star James Rodriguez continues Real Madrid's long tradition of signing "Galacticos."
July 21, 2014 -- Updated 1007 GMT (1807 HKT)
Germany's World Cup-winning captain Philipp Lahm has decided to go out at the top by announcing his retirement from international football.
ADVERTISEMENT