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Manchester Utd earn more than £500 mn in a year

AFP
Manchester United landed big name signings Zlatan Ibrahimovic (centre) and Paul Pogba (right) over the summer

Manchester United became the first British football club to earn more than half a billion pounds in a single year after announcing Monday total revenue of £515.3 million ($683.5 mn, 608.9 mn euros) for the year ending June 30, 2016.

The Premier League giants also declared a record operating profit of £68.9 million.

However, United's annual revenue figure was still shy of the 679 million euros (£570 mn, $762 mn) declared by Barcelona in July.

United's continuing financial success, despite not winning the Premier League last season and failing to qualify for Europe's lucrative Champions League, allowed new manager Jose Mourinho to splash out a world record £89 million on signing midfielder Paul Pogba from Italian side Juventus during the recent transfer window.

Although United won the FA Cup, a fifth-place finish in the 2015/16 Premier League season saw Dutch manager Louis van Gaal sacked and replaced by former Chelsea boss Mourinho.