LONDON — Manchester United raised their annual core profit forecast on Friday as the club’s strong performance in the Europa League drove ticket sales and broadcast revenue.
United forecast adjusted core profit of between 180 million pounds (US$244 million) and 190 million pounds for the year ending June, up from an earlier projection of between 145 million and 160 million pounds.
Ticket sales jumped more than 50 per cent to 44.5 million pounds in the three months to March as the club had a good run in the Europa League, before losing the finals to Tottenham Hotspur.
United had their worst Premier League season since they were relegated in 1974 and hopes of participating in a European competition next season were dashed after they lost the Europa League final.