Story ProgressBack to home
Man United holding company loses $171 million
The American-owned holding company of Manchester United recorded a net loss of $171.5 million last season.
London:
The American-owned holding company of Manchester United recorded a net loss of $171.5 million last season.
The Glazer family's Red Football Joint Venture Limited incurred a $105.9 million expense to refinance high-interest bank loans.
Unlike the previous season, the team did not sell any high-profile players. Cristiano Ronaldo's move to Real Madrid helped the club's parent company to a $10.5 million net profit for the previous season.
But in the annual report for the year ending last June 30, director Joel Glazer says the club has "sufficient cash reserves ... for investment in the playing squad."
The Glazers also own the Tampa Bay Buccaneers.
Featured Video Of The Day
Spain Vs Argentina | Dani Olmo On WC Triumph: 'Wanted To Set An Example For The Next Generation'
Topics mentioned in this article
Football
Wayne Rooney
Chelsea
Arsenal
Alex Ferguson
Barcelona
Everton
Manchester United
Get the Latest Cricket, Asian Games 2026, Football , Hockey, Badminton Scores, F1 Results at NDTV Sports. Like Us On Facebook Or Follow Us On Twitter For More Sports Updates. You Can Also Download The NDTV Cricket App For Android Or iOS.