MAN UNITED HAVE experienced success off the field as well as on it this year.
Their Premier League title triumph and strong Champions League performance was reflected financially, with the club garnering a £29.7m pre-tax profit.
£51.7m in interest payments flowed out of the club, though revenues increased to £331.3m.
The club’s operating profit was £110.9m, while United spent nearly £64m in buying back bonds.
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The results represent a stark difference to the 2009-2010 season when their pre-tax losses amounted to £79.2m in contrast with £14.9m this year, under a different accounting standard – IFRS rather than UK GAAP.
However, in spite of these results, United’s net debt still stands at £308.3m as of June 2011.
Money, money, money: Man United record £29.7m profit
MAN UNITED HAVE experienced success off the field as well as on it this year.
Their Premier League title triumph and strong Champions League performance was reflected financially, with the club garnering a £29.7m pre-tax profit.
£51.7m in interest payments flowed out of the club, though revenues increased to £331.3m.
The club’s operating profit was £110.9m, while United spent nearly £64m in buying back bonds.
The results represent a stark difference to the 2009-2010 season when their pre-tax losses amounted to £79.2m in contrast with £14.9m this year, under a different accounting standard – IFRS rather than UK GAAP.
However, in spite of these results, United’s net debt still stands at £308.3m as of June 2011.
Read the full table of results at Man United’s official website>
Read: Time to shine: the players that need to deliver tonight>
Watch: Ronaldinho scores directly from a corner>
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a good year Champions League IFRS Man United operating profit Premier League UK GAAP