skip to content

Manchester United to raise 500m

11 Jan 2010 14:57:07

Manchester United to raise 500m

Manchester United has said it plans to raise £500m through a bond issue in order to refinance its debts.The announcement came as the club announced pre-tax profits of £48.2m for the year to 30 June 2009, compared with a loss of £21.4m a year ago. The profit includes the £80m fee the club received from Real Madrid for Cristiano Ronaldo last summer. US businessman Malcolm Glazer bought the club for £790m in 2005, borrowing heavily to do so. Group turnover rose to £278.5m from £256.2m the pre.... read more


Sponsored links