Man United reports record revenue

English Premier League champion Manchester United has reported record revenue of STG98.5 million ($170 million) for the first three months of the financial year.

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The 29 per cent rise in revenue was fuelled by a 63 per cent jump in sponsorship income and increased earnings from TV deals.

United's executive vice-chairman Ed Woodward said he was "excited" by BT Sport's recently-signed deal for UEFA Champions League television rights.

Woodward said BT Sport's success in outbidding Sky and ITV to land the 2015-2018 rights for Europe's top club competition would see clubs' incomes increase still further.

The Premier League deal has seen United's broadcasting income rise by 40.9 per cent, but the real driver has been the club's growth in commercial income of 62.6 per cent.

Twelve new sponsorship deals have been signed, including a global contract with Russian airline Aeroflot.

United, which is controlled by the US-based Glazer family, has made a faltering start to the 2013-2014 season under new manager David Moyes after Alex Ferguson stepped up to a boardroom role.