Man United are loaded by announcing revenue increase after £750m Adidas deal

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Manchester United have announced a dramatic revenue spike of 39.3 per cent as they look to embark on a record breaking 12 months, the Daily Mail reports.

The club have been given a huge boost by making a return to the Champions League and are already seeing the benefits of their lucrative £750million kit deal with Adidas.

United announced their figures for the first quarter of the financial year (July, August and September) at noon on Thursday and they have seen a turn over £123.6m which dwarfs the £88.7m figure from 12 months ago.

Adidas have been making their months payments, and The Mail has even stated that they have purchased the merchandising rights of several products from Nike.

Revenue from retail has risen to £22.3m, an increase of £14.5m that is reflected in the new deal while commercial revenue was £71.2 million, representing an increase of £14.4 million.

Mobile and content revenue from the first quarter was £2.6m, a fall of £100,000 as the club continue to let contracts expire with a view to bringing the majority of content in house.

Matchday revenue has also jumped from £15.1m to £24.8m thanks to the Champions League and qualifiers and the home Capital One Cup defeat by Middlesbrough while broadcast revenues went to £27.6m, a rise of £10.8m for similar reasons.

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