Manchester United executive vice-chairman Ed Woodward has admitted that the team’s performance has no impact on the club’s commercial income.
United continue to increase their revenue and decrease their debt, regardless of performances on the pitch.
Woodward was asked at an investors’ meeting whether success has an impact on the worth of their commercial deals, he said: “If I can answer very simply and candidly, playing performance doesn’t really have a meaningful impact on what we can do on the commercial side of the business.”
He did emphasise that this had been a successful season, saying: “As another season nears its close, we have achieved our highest number of points and finish since 2012/13 and we look forward to another trip to Wembley.
“We anticipate another successful summer tour in the United States in preparation for the 2018/19 season.”
Woodward added that season tickets for next season were already sold out, along with hospitality packages.
Third quarter revenue @ManUtd is £137.5m – up 8% from third quarter 2017.
— Simon Stone (@sistoney67) May 17, 2018
Figures released this week also show that Manchester United received more prize money from the Premier League than champions Manchester City.