Manchester United Plc (MANU) , the sports group controlled by the family of the late U.S. billionaire Malcolm Glazer and owner of the Manchester United Football Club, boosted its full-year revenue forecast after third quarter earnings declined.
Man United plc said it sees full year revenues coming in between £530 million and £540 million ($683 million to $700 million), upping its previous forecast by 5.5%. It also sees full year profits in the region of £185 million to £195 million, an 8.3% increase from its previous guidance.
"We are forecasting better full year financial performance than expected and as such have raised our revenue and profit guidance for the year. We look forward to a strong finish to 2016-17, both on and off the pitch," said Executive Vice Chairman Ed Woodward