Manchester United have announced record income from sponsorship deals but a decrease in matchday and broadcast revenues for the 2015 fiscal year.
United were expected to reveal a sharp decrease in money earned from TV revenue as a result of missing out on Champions League football last season following David Moyes' disastrous spell in charge of the club.
However, while the club have confirmed a drop of more than 20 per cent in broadcast money to £107.7 million and a 16.2% decrease in matchday income to £90.6m, they remain in a healthy financial position thanks largely to new sponsorship deals.
The club have enjoyed a record £154.9m sponsorship revenue - an increase of 14.1% - due in the main to a total of 11 new lucrative partnerships, while a decrease of 5.5% in the total wage bill has softened the blow of a lack of European football.
A mammoth 10-year contract with kit sponsor Adidas, worth £75m per year, has also contributed to a commercial revenue of £196.6m - a 4% increase on 2014.
Crucially, the 20-time Premier League champions have also confirmed they expect total revenue of between £500m and £510m for the 2016 fiscal year, which would be a club record.
Executive vice-chairman Ed Woodward said: "As we look to the new season, we are enthusiastic about our strong position, both on and off the pitch.
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