LONDON: Manchester United expect to make over ú500 million ($719.5 million, 35.4 million euros) in the 2016 financial year, the club announced on Thursday, despite continued underperformance on the pitch.

Second-quarter revenues rose by 26.6 percent to a record £133.8 million, with commercial revenues up 42.5 percent to £66.1 million and broadcasting revenues climbing 31.3 percent to £37.3 million.

Sponsorship revenue also rose by £1.6 million, keeping the club on track to generate between £500 million and £510 million in revenues for the current financial year.

Published in Dawn, February 12th, 2016