Manchester United raises forecasts for annual profit, revenue

Manchester United on Tuesday raised its forecasts for revenue and profit for the year, betting on strong commercial and matchday revenue.

The English football club, which is currently in talks to sell itself, said it expects annual revenue of between 630 million pounds ($801.6 million) and 640 million pounds, compared with its previous forecast of between 590 million pounds to 610 million pounds.

The company also expects adjusted profit of between 140 million pounds and 150 million pounds for the year, compared with its previous forecast of between 125 million pounds and 140 million pounds.

($1 = 0.7860 pounds)

(This story has been refiled to change the picture)