Deloitte Football Finance 2015: Manchester United post record €159m profits

The Glazer-owned Premier League club achieved record operating profits for the 2013-14 season, while Chelsea are the first side to reach €1.3bn for net debt.Manchester United posted all-time record operating profits of £117 million (€159m) for the 2013-14 season, Deloitte's annual football finance review has found.It was a season to forget on the pitch under David Moyes but off it United were still thriving, with the Glazer-owned club posting revenue totalling €589m, €476m more than bottom club Cardiff City and 13.2 per cent of the total accrued by all Premier League clubs.
Tottenham also delivered positive numbers, with the north London club's pre-tax profits equaling a record-high €109m following the sale of Gareth Bale to Real Madrid, while Chelsea, on the way to a third-placed finish in Jose Mourinho's first season back in charge, became the first club to hit the £1 billion (€1.3bn) mark for net debt.England's top flight once again stood out from the crowd across Europe's major leagues, with the combined operating profits total of €835m the highest ever, almost treble that of the previous high set by the Bundesliga in 2012-13.Even before the staggering new TV deal kicks into gear for the 2016-17 season, Premier League broadcast revenues still reached unprecedented levels in 2013-14, with the €2.39 billion figure amounting for 54% of the league's total revenue streams.Incredibly, the Premier League's broadcast revenues alone were worth more than the total revenues accrued by La Liga, Serie A and Ligue 1.The 2013-14 season saw plenty of transfer market activity, with the likes of Arsenal, Manchester United and Manchester City splashing out significant sums on new faces as they looked to build squads capable of winning the Premier League title.