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Revenue from contracts with customers | 6 Months Ended
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Dec. 31, 2024
Revenue from contracts with customers |
Revenue from contracts with customers | 6Revenue from contracts with customers 6.1 Disaggregation of revenue from contracts with customers The principal activity of the Group is the operation of men’s and women’s professional football clubs. All of the activities of the Group support the operation of the football clubs and the success of the men’s first team in particular is critical to the on-going development of the Group. Consequently, the chief operating decision maker (being the Board and executive officers of Manchester United plc) regards the Group as operating in one material segment, being the operation of professional football clubs. All non-current assets, other than US deferred tax assets, are held within the United Kingdom. All revenue derives from the Group’s principal activity in the United Kingdom. Revenue can be analysed into its three main components as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended
​ | ​ | 31 December | ​ | 31 December
​ | ​ | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023
​ |  | £’000 |  | £’000 |  | £’000 |  | £’000
Sponsorship | ​ | 42,949 | ​ | 39,156 | ​ | 94,709 | ​ | 95,322
Retail, merchandising, apparel & product licensing | ​ | 42,129 | ​ | 32,606 | ​ | 75,647 | ​ | 66,821
Commercial |  | 85,078 | ​ | 71,762 |  | 170,356 |  | 162,143
Domestic competitions | ​ | 49,700 | ​ | 59,734 | ​ | 76,780 | ​ | 89,678
European competitions | ​ | 10,802 | ​ | 45,177 | ​ | 12,773 | ​ | 52,692
Other | ​ | 1,160 | ​ | 1,529 | ​ | 3,369 | ​ | 3,417
Broadcasting |  | 61,662 | ​ | 106,440 |  | 92,922 |  | 145,787
Matchday |  | 51,960 | ​ | 47,554 |  | 78,487 |  | 74,922
​ |  | 198,700 | ​ | 225,756 |  | 341,765 |  | 382,852
​ 6 Revenue from contracts with customers (continued) 6.2 Assets and liabilities related to contracts with customers Details of movements on assets related to contracts with customers are as follows: ​
​ | ​ | ​
​ |  | Current
​ | ​ | contract assets
​ | ​ | – accrued
​ | ​ | revenue
​ | ​ | £’000
At 1 July 2023 | ​ | 43,332
Recognized in revenue during the period | ​ | 105,882
Cash received/amounts invoiced during the period | ​ | (87,395)
At 31 December 2023 |  | 61,819
Recognized in revenue during the period |  | 38,994
Cash received/amounts invoiced during the period |  | (61,035)
At 30 June 2024 |  | 39,778
Recognized in revenue during the period |  | 94,657
Cash received/amounts invoiced during the period | ​ | (74,588)
At 31 December 2024 |  | 59,847
​ A contract asset (accrued revenue) is recognized if commercial, broadcasting or Matchday revenue performance obligations are satisfied prior to unconditional consideration being due under the contract. Details of movements on liabilities related to contracts with customers are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Current |  | Non-current |  | ​
​ | ​ | contract | ​ | contract | ​ | Total contract
​ | ​ | liabilities – | ​ | liabilities – | ​ | liabilities –
​ | ​ | deferred | ​ | deferred | ​ | deferred
​ | ​ | revenue | ​ | revenue | ​ | revenue
​ | ​ | £’000 | ​ | £’000 | ​ | £’000
At 1 July 2023 | ​ | (169,624) | ​ | (6,659) | ​ | (176,283)
Recognized in revenue during the period | ​ | 134,384 | ​ | — | ​ | 134,384
Cash received/amounts invoiced during the period | ​ | (115,803) | ​ | — | ​ | (115,803)
Reclassified to non-current during the period | ​ | 1,400 | ​ | (1,400) | ​ | —
At 31 December 2023 |  | (149,643) |  | (8,059) |  | (157,702)
Recognized in revenue during the period |  | 126,256 |  | — |  | 126,256
Cash received/amounts invoiced during the period |  | (172,529) |  | — |  | (172,529)
Reclassified to current during the period |  | (2,712) |  | 2,712 |  | —
At 30 June 2024 |  | (198,628) |  | (5,347) |  | (203,975)
Recognized in revenue during the period |  | 146,080 |  | — |  | 146,080
Cash received/amounts invoiced during the period |  | (111,975) |  | — |  | (111,975)
Reclassified to current during the period |  | (1,201) |  | 1,201 |  | —
At 31 December 2024 |  | (165,724) | ​ | (4,146) |  | (169,870)
​ Commercial, broadcasting and Matchday consideration which is received in advance of the performance obligation being satisfied is treated as a contract liability (deferred revenue). The deferred revenue is then recognized as revenue when the performance obligation is satisfied. The Group receives substantial amounts of deferred revenue prior to the previous financial year end which is then recognized as revenue throughout the current year and, where applicable, future financial years.

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