Manchester United are expected to announce record annual revenues when they unveil their financial results on Wednesday.

The 2012-13 Premier League champions are likely to declare revenue of around 420 million pounds for the year, according to a prospectus released to the New York Stock Exchange.

Total revenue is forecast to be between 429 and 434 million pounds with a predicted profit in the region of 23 to 25 million pounds.

The financial figures will include the payoff given to former manager David Moyes but will not reflect United's absence from Europe this season, which will be felt in next year's accounts.

United's commercial revenue is likely to rise by a quarter to around 190 million pounds as preseason tours and sponsorship deals prove increasingly lucrative.

However, higher wages and expensive transfers -- including the arrivals of Marouane Fellaini and Juan Mata -- mean operating costs are also expected to rise substantially.