LONDON (AP) -- Manchester United generated a club-record 363.2 million pounds ($578 million) while winning a 20th English title last season.
United, which is listed on the New York Stock Exchange, pointed to the enduring success of its commercial operation in helping to maintain the club as a force on and off the pitch.
Owned by the American-based Glazer family, United is projecting its turnover will soar to at least 420 million pounds ($669 million) in 2013-14.
While the cash balance has risen by a third to 94.4 million pounds ($151 million), the gross debt has dropped by 11 percent to 389.2 million pounds ($622 million).
United reported a net profit of 17.2 million pounds ($27 million).