Manchester United announced record first-quarter revenue of £141million on Thursday, but player wages have risen as a result of their Champions League return.
In January, United moved back to the top of the Deloitte Football Money League for the first time since 2005.
The Red Devils became the first British club to break the half-a-billion pound revenue mark in 2016, a position which was improved on with overall revenue rising from £515.3m to £581.2m for the year ending June 30, 2017.
The latest set of accounts published on Thursday, which cover the first quarter of 2018 ending September 30, 2017, show a 17 per cent increase in total revenue from £120.