David Gill believes the future is 'promising' for Manchester
United after the club announced an increase in profits.
In the first full year of the Glazer era at Old Trafford, The Red
Devils saw turnover rise from £157.2million to £165.4million for
the year ending 30th June 2006.
The current Premiership leaders also reported a pre-tax operating
profit of £30.8million, compared to a figure of £10.8million for
the previous 12 months.
And with a new television deal to start next season, United chief
executive Gill is expecting the numbers to stay on the
increase.
"In the course of the next two years, I expect the club's revenues
to show dramatic growth, due to a combination of increased stadium
capacity and greater sponsorship and television income," said
Gill.
"The club are in a very healthy position. Our attendances are now
the envy of European, not just UK football, and with a burgeoning
season ticket waiting list, watching United at Old Trafford is
still in great demand.
"The future is promising for the club. We continue to operate by
budgeting sensibly and managing our affairs through stable business
practices.
"Success on the pitch will always be a driver for success off it
and from this base, the club are healthily placed to begin a period
of renewed growth."
United's borrowings, however, also rose from £580million to
£660million, although this was part of a restructuring programme
which has been attributed to 'good housekeeping'.