Manchester United increased their annual nuclear profit forecast on Friday, because the strong performance of the club in the Europa League broadcasts ticket sales and income.
United Forecast has adjusted the nuclear win of between 180 million pounds and 190 million pounds for the year ending on June, against an earlier projection of between 145 million and 160 million pounds.
Ticket sales rose in the three months to march more than 50% to 44.5 million pounds, because the club had a good run in the Europa League, before the final lost to Tottenham Hotspur.
United had relegated their worst Premier League season since they were relegated in 1974, and the hope of participating in a European competition was deposited next season after they lost the Europa League final.
“We had a difficult season in the Premier League, of which we all know we were under our standards, and we have a clear expectation of improvement next season,” said CEO Omar Barkrada in a statement.
The absence of United of European competitions, which are lucrative sources of broadcasting income, acts a huge blow to the future finances of the club and has anger and disappointment of fans worldwide.
Jim Ratcliffe, who owns an interest of about 29% in the club and runs their football activities, has taken steps to breathe new life into the club's fortunes, including by lowering jobs, increasing ticket prices and stopping free lunches at staff kantines.
Those benefits are expected to be realized from the first quarter of the new tax year from July, the club said on Friday.
United reported a net loss of 2.7 million pounds for the three months ending on 31 March, compared to a loss of £ 71.5 million a year earlier.