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"contents": "\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">The Premier League giants also declared a record operating profit of £68.9 million.</span></p>\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">Their figures also saw United return to the black, following a net annual loss of £900,000, with a net profit of £36.4 million.</span></p>\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">However, United's annual revenue figure was still shy of the 679 million euros (£570 million, $762 million) declared by Barcelona in July.</span></p>\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">United's continuing financial success, despite not winning the Premier League last season and failing to qualify for Europe's lucrative Champions League, allowed new manager Jose Mourinho to splash out a world record £89 million on signing midfielder Paul Pogba from Italian side Juventus during the recent transfer window.</span></p>\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">Although United won the FA Cup, a fifth-place finish in the 2015/16 Premier League season saw Dutch manager Louis van Gaal sacked and replaced by former Real Madrid and Chelsea boss Mourinho.</span></p>\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">United's revenue is forecast to rise to between £530 to £540 million at the end of the next financial year and executive vice-chairman Ed Woodward said: \"Our record fiscal 2016 financial performance reflects the continued underlying strength of the business and the club is on target to achieve record revenues in 2017, even without a contribution from the Champions League.</span></p>\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">\"This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years.\"</span></p>\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">Retail, merchandising, apparel and Product licensing revenue was £97.3 million, an increase of £65.7 million, or 207.9 percent, over the previous year, mainly as a result of the start of a new kit agreement with Adidas that guaranteed United more money than their previous deal with rival sportswear giants Nike.</span></p>\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">Broadcasting revenue, boosted by a new Premier League deal, rose more than 30 percent to £140.4 million, with matchday revenues at Old Trafford totalling £106.6 million -- an increase of over 17 percent.</span></p>\r\n<p><g class=\"gr_ gr_22 gr-alert gr_spell gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"22\" data-gr-id=\"22\">jdg</g><span style=\"font-family: georgia, palatino; font-size: 12pt;\">/</span><g class=\"gr_ gr_23 gr-alert gr_spell gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"23\" data-gr-id=\"23\">dmc</g></p>\r\n\r\n<p><span style=\"font-family: georgia, palatino; font-size: 12pt;\">© 1994-2016 Agence France-Presse</span></p>",
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"summary": "Manchester United became the first British football club to earn more than half a billion pounds in a single year after announcing Monday total revenue of £515.3 million ($683.5 million, 608.9 million euros) for the year ending June 30, 2016.",
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