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Soccer-Manchester United expect to match record revenue in 2017-18

Reuters - UK Focus

Sept 21 (Reuters) - English soccer club Manchester United (NYSE: MANU - news) said it was likely to maintain revenue around last year's record level in 2017-18 as it returns to the lucrative European Champions League.

United (Shenzhen: 000925.SZ - news) , whose top players include Paul Pogba and Romelu Lukaku, are currently joint top of the English Premier League and have qualified for the Champions League after winning the second-tier Europa League last season.

Controlled by the American Glazer family, United forecast revenue of between 575 million pounds and 585 million pounds in 2017-18.

That would be broadly in line with record revenue of 581 million pounds ($782.8 million) in the year to June 30.

United reported core profit of 199.8 million pounds in the year. That figure was likely to slip to between 175-185 million pounds in the current year. ($1 = 0.7419 pounds) ($1 = 0.7422 pounds) (Reporting by Rahul B in Bengaluru; Editing by Keith Weir)