Manchester United
Manchester United's books are looking healthier than ever. Press Association

Manchester United have announced their latest financial report, with the club boasting a revenue rise to £175 million in the second half of 2011.

The figure is up from £156.5 million in revenue at the end of 2010, with an increase of £18.5 million over the 12 months.

Media and match-day revenue have both increased, with United taking in £54.5 million as opposed to £52.4 million in the latter, and £60.9 million as opposed to £53.7 million in the former.

Commercial revenue has also risen to £58.6 million from £50.4 million, and the club's controversial Glazier family owners posted a debt of £439 million at the end of 2011, compared to £508 million in 2010.

Bonds are credited with helping the Glaziers' decrease their debt, with United buying back some of the ones that were sold in a refinancing exercise worth £500 million in 2010.

United currently have £50.9 million to spend this summer, but will need to take account extra costs into that figure, such as player wages.

Player expenditure also increased over the period of 2010-2011, with the club making big purchases in Phil Jones, David de Gea and Ashley Young for £47.8 million in a combined total.

United had announced last year that they would partially float on the stock exchange, but the move has yet to materialise.

This year's funds will no doubt take a hit as a result of the Red Devils' being knocked out of the Champions League and playing in the less lucrative Europa League, but with increasing revenue in other areas, the club may be able to recoup some of their losses.