Pre-tax profits at Manchester United rose to £30.8 million during the 2005/06 football season, the club today revealed.
The club, which was bought by the Glazer family for £790 million in June 2005, said that the annual rise of £20 million would have been greater if not for the failure to qualify from the Champions League group stage for the first time in ten years.
And chief executive officer David Gill says that United were ready to experience a period of "dramatic revenue growth".
There were fears that US tycoon Malcolm Glazer's investment and delisting of the club could harm its long-term future, but he has overseen the signing of an £18 million annual sponsorship deal with AIG and increased the seating capacity at Old Trafford by 8,000 to 76,000.
"With sell-out crowds at the extended Old Trafford and record sponsorship deals like AIG, Manchester United can look forward to a future marked by dramatic revenue growth," said Mr Gill.
He went on to say: "The club remain committed to making top-class football affordable and structures its prices accordingly."
Alex Ferguson's team currently hold a six-point advantage over Premiership title rivals Chelsea.
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