Manchester United on course to record their best ever financial results

The Red Devils have supplemented their on-field performances with six new sponsorship deals in recent months which should see a 74 per cent rise in profit figures
Manchester United are set to record their best ever financial figures after securing new sponsorship deals in recent months.

The Red Devils signed six new deals in the final three months of 2012 to boost their revenue streams by a possible 74 per cent and continue their commercial growth around the globe.

"Manchester United achieved record revenue and record adjusted EBITDA (underlying profit) in the second quarter driven by our commercial operation, which continues to experience extremely strong growth particularly in sponsorship," club vice chairman Ed Woodward told reporters.

The club's forecast for revenue in the year to come falls between £350 million and £360m, while EBITDA, the  measure of profit, was seen in the range of £107m to £110m.

The Premier League leaders are reportedly the world's best-supported side, supposedly boasting 650m fans worldwide.

This global appeal has worked to help them secure sponsorships advertising a wide range of products and services, from beer, wine, watches and cars to name a few.

Manchester United shares took flight on the New York Stock Exchange after a controversial listing back in August. They currently trade at £12.20, up from the original value of £9, meaning the club is valued at over £1.94 billion.

United currently sit top of the Premier League, 12 points clear of Manchester City, and are also still in the Champions League after a 1-1 draw with Real Madrid in the first leg of their last-16 encounter, while they face Reading on Monday evening in the FA Cup fifth round.