• Premier League

United set to announce record £420m revenue

The British record fee of £59.7 million Manchester United paid for Angel Di Maria will be felt in next year's financial results © PA Photos

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Manchester United are expected to announce their biggest ever annual revenue when they unveil their financial results on Wednesday.

United are likely to declare record revenue of around £420 million for the year, according to a prospectus released to the New York Stock Exchange. Total revenue is forecast to be between £429m-£434m with a predicted profit in the region of £23m-£25m.

The financial figures will include details of the pay-off given to former manager David Moyes and his coaching team but will not reflect United's absence from Europe this season, which will be felt in next year's accounts.

United's commercial revenue is likely to rise by a quarter to around £190m as pre-season tours and sponsorship deals prove increasingly lucrative. However, higher wages and expensive transfers - including the arrivals of Marouane Fellaini and Juan Mata - mean operating costs are also expected to rise substantially.

United's debt is set to remain around £350m with annual net finance costs of around seven to eight percent.

The prospectus said: "We currently estimate that our net finance costs will be approximately £26.5 million to £28.5 million."

The prospectus also revealed that United sold around two million replica shirts in a year.

It stated: "The Manchester United jersey and training wear are completely redesigned for each season. The annual launch of the new jersey is always a much-anticipated day for our global community of followers.

"The result is a robust wholesale apparel business that sold approximately five million items of Manchester United branded licensed products, including approximately two million replica jerseys, around the world in the last year."

United's executive vice-chairman Ed Woodward will take part in a conference call with investors after the results are announced.

United spent a record £153m during this summer's transfer window following a disappointing 2013/14 campaign in which they finished seventh, costing Moyes his job just 10 months into a six-year deal.

This article originally appeared on ESPN FC

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