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Record profits, big losses for United

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08 Oct 2010 12:00:23

Record profits, big losses for United

Manchester United have become the first English club to crash through the £100million profit barrier - while at the same time posting an £83.6million loss.The widely contrasting figures once again emphasise how the Red Devils remain one of the world's most attractive sporting organisations, while at the same time showing the cost of a hugely controversial takeover by the Glazer family in 2005.Interest payments accounted for £40million, while there was also a hefty one-off cost for the successful £504million bond issue earlier this year.


PA

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