Manchester United post record profits

Updated: 02 September 2011 14:10 IST

English champions Manchester United posted record operating profits of

Manchester United post record profits
©

London:

English champions Manchester United posted record operating profits of £110.9million ($179.7million) for the past financial year, figures released on Thursday showed.

The Old Trafford club has also recorded a record revenue of £334.1million - an increase of £45million from last year and passing £300million for the first time - according to figures for the year ended June 30, 2011.

United, who won the Premier League title and reached the Champions League final during the period, have also recorded a commercial turnover of £103.4million - which doesn't include a new £10million a year sponsorship deal with global delivery company DHL.

The figures were published as United considered a plan to raise more than £600million by selling shares on the Singapore Stock Exchange.

That would help the Old Trafford club, owned by the US-based Glazer family, pay down a net debt that now stands at £308.3million - down from £376.9million, according to the new figures.

The new results contrast markedly with last year's figures when losses hit a record £83.3million, primarily as a result of the cost of a bond issue.

Related Articles
Lionel Messi Magic Inspires Barcelona To Retain Copa del Rey
Lionel Messi Magic Inspires Barcelona To Retain Copa del Rey
Aaron Ramsey Fires Arsene Wenger To Record Seventh FA Cup
Aaron Ramsey Fires Arsene Wenger To Record Seventh FA Cup
Kolkata Football Giants Mohun Bagan, East Bengal Join Forces Against AIFF
Kolkata Football Giants Mohun Bagan, East Bengal Join Forces Against AIFF
Show Comments
Advertisement