Manchester United nearly £400m in RED but post club record revenues

MANCHESTER UNITED posted club record revenues despite incurring massive debts, their latest financial figures have shown.

Manchester united's figures made for mixed reading [GETTY]

The Premier League champions, who are listed on the New York Stock Exchange, racked up nearly £400m worth of debt despite lifting the Premier League title last season.

Figures showed commercial revenues shot up by nearly 30% to £152.5million thanks in part to deals with partners like Nike.

More significantly, broadcasting revenues were down to £101.6m which was due to the fact they crashed out of the group stages last season.

Robin van Persie was on target for United last night [GETTY]

Manchester United nearly £400m in debt

Interestingly, United had to pay out nearly £6m in compensation after dispensing with the services of assistant coaches Mike Phelan and Rene Meulensteen.

The compensation fell under exceptional items category, and for the fourth quarter they were £2.3m compared with £4.4m in the prior year quarter.

United enjoyed a winning start in the Champions League last night, after beating Bayer Leverkusen 4-2.