Manchester United Sees Flat Commercial Revenue in FQ3
Retail, merchandising, apparel & product licensing revenue was flat at £25.0 million in the fiscal third quarter ended Mar. 31, and sponsorship revenue was also the same as last year at £41.6 million. Management noted that the Adidas business is generating strong growth in the Asia Pacific region, especially China, this year. Next season will see earlier launches of the home, away and third kits providing more time for sell-through, and an increased focus on club football by retailers in the absence of the major international tournament. Overall, ManU net income increased 8% to £7.7 million ($10.0 mm) from £6.9 ... Log in to view full article.