Manchester United reported a sharp increase in revenues over the final six months of 2011 following rises in matchday income, media and commercial earnings, the club announced Tuesday. United's revenues increased to £175million ($276million; 209million euros) in the second half of last year, the club revealed as they released their financial report for the fourth quarter of 2011.
The figure was up £18.5million from the £156.5million reported over the same period in 2010. The rise was attributed to an increase in matchday revenue from £52.4million to £54.5million, media earnings, up from £53.7million to £60.9million, and commercial income, which increased from £50.4million to £58.6million. United's debts meanwhile were reduced to £439million from £508million the previous year. United's increase in revenues however were offset by a rise in operating costs from £96.9million to £110.8million.
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