Manchester United are on track to achieve record revenues despite their absence from this season's Champions League.
United returned to the top of the Deloitte Football Money League for the first time since 2005 last month and on Thursday they announced record profits for any quarter in their history.
Total revenue for the fiscal second quarter ending December 31, 2016 was £157.9m - an 18 per cent improvement on the same period in 2015 - despite missing out on Champions League qualification.
Broadcasting revenue was up 40.8 per cent for the quarter to £52.5m and matchday earnings rose 27 per cent to £38.6m, due to an increase in matches.
Those figures mean United are on target to achieve record revenues of between £530m and £540m in the period from July 2016 to the end of June 2017.