Man Utd in Q2 record £209m; Mourinho bill £20m

Manchester United said on Thursday it posted record second-quarter revenue £208.6 million compared with £177.4 million a year earlier.

The firm also said that for fiscal 2019, it continues to expect revenue to be £615 million to £630 million and adusted EBITDA to be £175 million to £190 million.

The club said it paid £19.6 million as compensation to former manager Jose Mourinho and some members of his coaching staff after the Portuguese coach was sacked in December.

Ole Gunnar Solskjaer and Mike Phelan have since returned to Old Trafford to manage the club for the remainder of the 2018/19 season.

Broadcasting revenue for the quarter was £103.7 million, an increase of £28.5 million, or 37.9%, over the prior year quarter, primarily due to the new UEFA Champions League broadcasting rights agreement and playing one additional UEFA Champions League game.

Manchester United executive vice chairman Ed Woodward said: “The appointment of Ole and Mike as caretaker manager and assistant manager, working with Kieran, Michael and Emilio, has had a positive impact throughout the club.

“We are delighted with the improvement in the team’s performances since December and we look forward to a strong finish to the 18/19 season.”