Secret revealed, this is how football mega-clubs like Manchester United make money

There are an estimated 5 billion football fans around the world, at least according to FIFA. For many fans of the beautiful game, it is a beloved sport, an uncontrollable passion and some even consider it a religion though probably not many in Singapore.

Like everything that 60% of humanity has control over, it's also big business. One of the most successful and recognizable brands in football, whether you love them or hate them, is Manchester United.

The Red Devils claim to have 1.1 billion fans and followers. This means that 1 in 8 people is a Manchester United fan. As well as rooting for the team, Manchester United fans can also own a piece of the club, through its listing on the New York Stock Exchange, Manchester United PLC.

Recently, Manchester United announced that it has started a process to explore strategic alternatives to boost the club's growth. Or, in the humble opinion of this Manchester United fan, the Glazer family, the current owners of the club, seem to want to sell the club for the right price.

How do Manchester United make money?

According to Manchester United's annual report, it makes money in three general ways, commercial income, broadcast income and matchday income. Many fans will also voluntarily contribute to Manchester United's retail, merchandising, apparel and licensing revenue by purchasing the club's shirt and other merchandise. Especially when the club is competing for the biggest trophies and we get to wear their jerseys when we watch big games.