01/09/2011

Manchester United announce record profits as Glazer family reduces Premier League club's debt


The reigning Premier League champions saw turnover increase by £45m to £331.4m in the year to the end of June, a record for an English club, exceeding the £313m recorded by Arsenal for the same period.
United’s gross debt stands at £458.9m and the club paid £51.2m in interest payments to bond holders in 2010-11, equivalent to 46 per cent of annual profits.

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