English Premier League Champions, Manchester United have announced record financial result of 152.5 million pounds for the year ending June 30, 2013.

CEOAFRICA sports desk gathered that the leap in revenues helped the club to register a 13.4 % increase in turnover to a club-record figure of £363.2 million, while debt fell 10.9 percent to £389.2 million.

 Despite the impressive figures, United moved cautiously during the close-season transfer period, waiting until the final day of the window before sanctioning a £27.5 million move for Everton midfielder Marouane Fellaini.

Report said sponsorship revenue alone rose to 90.9 pounds in 2012/2013 season

The club have moved to reassure supporters that it would continue to back managers in transfer market by releasing money for them.

In a letter to fans, communications director Phil Townsend wrote: “The club has always backed the manager in the transfer market, as Sir Alex (Ferguson) has said on many occasions, and it will continue to do so.

“The club has demonstrated its belief in, and commitment to, David Moyes through the award of a six-year contract. Allowing him to shape the future Manchester United team is a long-term project, not an eight-week panic.

“He must be given time to assess his new squad and come to his own decisions on which players he feels will strengthen it. Additional resources were there to add to that, but it was not possible to agree with other clubs for the right players to leave.

“The key point there is that the players we buy have to be the right ones for Manchester United; not just any player.” Townsend concluded.

Townsend was  responding to letters sent to him by supporters concerned by reports that United had missed out with approaches for players including the Barcelona midfielder Cesc Fabregas, Spanish midfielder Thiago Alcantara, who left Barcelona for Bayern Munich, and Ander Herrera of Athletic Bilbao.

United had announced two new regional sponsorship agreements earlier on Wednesday.

They have signed five-year deals with Commercial Bank of Qatar and Emirates NBD Bank, which will become known as the club’s official financial services partners in Qatar and the United Arab Emirates.