Manchester United have revealed that their revenue increased during the last six months of 2011 to £175m.

That figure represents a rise of £18.5m for the same period last year.

The Red Devils also revealed that their debt was down to £439m at the end of 2011, less than the £508m reported 12 months previously.

Media revenue is up by just over £7m to £60.9m, while commercial revenue has risen to £58.6m from £50.4m.

The club did warn that similar figures may not be possible next year because of the club's failure to continue beyond the group stages of the Champions League.