Manchester United revealed a 74% surge in profits after netting bumper sponsorship deals.
Sir Alex Ferguson's Premier League-leading club took £22.3million in the second half of last year.
The increase was driven by its moneyspinning commercial arm, where revenue rose 26% to £78.6m on the back of big-name tie-ups with the likes of Nike and insurer Aon.
United is preparing to announce a new training kit partner after agreeing an eight-year deal.
The club bought out the final two years of an agreement with current sponsor DHL to try to get a better price.
Ed Woodward, United's executive vice-chairman said: "Manchester United achieved record revenue... in the second quarter driven by our commercial operation, which continues to experience extremely strong growth particularly in sponsorship."
But United still has debts of £366.6m and staff costs rose more than 10% – mainly because of new player signings like £24m for Robin van Persie, 29, from Arsenal, and wage increases.
A statement said: "Staff costs for the second quarter increased 14.2% year on year to £44.2 million, primarily due to new player signings, player wage increases and growth in commercial headcount.
"The six months year to date increase is 10.5% year on year to £84.5 million."
In 2012, United's wage bill was £160million.
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