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| Manchester United profits rise | Manchester United profits rise |
| (35 minutes later) | |
| Manchester United has reported a 74% rise in profits for the second half of 2012, on the back of rising revenues. | Manchester United has reported a 74% rise in profits for the second half of 2012, on the back of rising revenues. |
| The Premier League club said pre-tax profits for the last six months of the year were £22.3m. | The Premier League club said pre-tax profits for the last six months of the year were £22.3m. |
| Total revenues were up, with income from sponsors particularly strong, though broadcast revenues were down. | Total revenues were up, with income from sponsors particularly strong, though broadcast revenues were down. |
| The club, owned by the Glazer family, listed on the New York Stock Exchange last year. It still has debts of £366.6m. | The club, owned by the Glazer family, listed on the New York Stock Exchange last year. It still has debts of £366.6m. |
| Manchester United has had a successful campaign on the pitch so far this season. They currently sit top of the Premier League and are in the last 16 of the Champions League. | Manchester United has had a successful campaign on the pitch so far this season. They currently sit top of the Premier League and are in the last 16 of the Champions League. |
| On Wednesday evening they drew 1-1 in the first leg of their Champions League match with Real Madrid. | On Wednesday evening they drew 1-1 in the first leg of their Champions League match with Real Madrid. |
| Staff costs rose by more than 10%. The club said it spent a total of £84.5m, mainly on signing new players, player wage increases and on increasing its commercial staff numbers. | |
| Ed Woodward, Manchester United's executive vice chairman, said the club's commercial operation "continues to experience extremely strong growth particularly in sponsorship". |