Manchester United posted record turnover between June 30, 2009 to June 30, 2010, but costs of reorganizing the club’s debt along with interest payments left United with a staggering loss.
Manchester United Post 80 Million Pound Loss Despite Increased Operating Profits
Club president David Gill immediately staved-off speculation that club finances would force a sale of players, saying the club had “zero pressure” do to “money in the bank.”
Gill described the status of Manchester United’s accounts as “very good,” partly evidenced by United’s turnover increasing to £286.4 million. Though match-day revenues went down because of United’s early elimination from UEFA Champions League, new sponsorship revenues eventually led to a £100.8 million operating profit.
Read Article >
