Reds In The Black

As well as being one of the most glamorous clubs, Manchester United is also one of the richest.

As well as being one of the most glamorous clubs, Manchester United is also one of the richest.

The club makes most of its money - £30.1 million - the oldfashioned way - from gate receipts.

The rest of Manchester Utd's total turnover last year of £87.9 mil- lion was made up of: merchandising and other - £28.7 million; television - £12.6 million; sponsorship - £11.1 million; conference and catering - £5.5 million.

Club joined the stock market in May 1991 when it was valued at £47 million. It raised funds to redevelop its Stretford End stand in order to meet the requirements of the Taylor report on stadium safety.

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Flotation was shunned by the City, and less than half of the 1.2 million shares on offer were taken up.

United was the fourth major club to join the market, the third from the English leagues behind Tottenham with a full listing and Millwall on the Alternative Investment Market. Scottish side Hibernian was the other market player.

In March this year a 1-1 draw against AS Monaco, ending their chances in the Champions League, wiped £26 million off the company to take it to £353.3 million.

In July the club opened a savings account for fans which could make it in excess of £100,000 a year. Britannia building society will pay the club one per cent of the total saved in Manchester United Accounts.

Last month, in partnership with BSkyB and the Granada Media Group, the club launched the world's first television channel dedicated to one football club. From this autumn MUTV will broadcast six hours a day, seven days a week, from a studio at the club's Old Trafford ground.