Manchester United PLC (Manchester United) is engaged in operating a professional sports team playing football. It provides Manchester United with a platform to generate revenue from various sources, including sponsorship, merchandising, product licensing, mobile and content, broadcasting and matchday. Manchester United branded products are sold through around 200 licensees in about 120 countries. The Company reviews its revenue through three principal sectors: Commercial, Broadcasting and Matchday. Within the Commercial revenue sector, Manchester United monetizes its brand through three revenue streams: sponsorship; retail, merchandising, apparel and product licensing; and mobile and content. The Company generates direct revenue from the distribution and broadcasting of live football content. The Company markets and sells sports apparel, training and leisure wear and other clothing featuring the Manchester United brand.