Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Man Utd post loss of 83.6m despite record operating profit

Fri 8th Oct 2010 | Money & Finance

The Glazer’s plummeting relationship with Manchester United fans looks set to fall even further after the figures released today by the club reveal an annual pre-tax loss of £83.6m

In official figures to be released today, Manchester United showed an operating profit - which does not include the cost of servicing the club's debts - reached £100.8m, compared with £92m a year earlier.

However, this remarkable figure, a first for a UK football club has been hit by interest payments and reduced revenues from the sale of players.

The loss for the 12 months to 30 June compares with a profit of £48m for the year before, when revenues were boosted by the £80m sale of Cristiano Ronaldo.

Most worrying for fans are the club's interest payments on bank debt for the past year which totalled £40m.

The figures also reveal the impact of the Green & Gold campaign and the harder economic conditions which saw a fall in match-day turnover however this was offset by its increased commercial earnings.

Its overall annual turnover increased to £286.4m which favours comparatively with the £125m their rivals Man City posted earlier in the week. However, this is unlikely to endear them to their fans and is likely to spark fresh protests.




If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Watford FC: An Unlikely Financial Success Story?

Wed 26th Apr 2017 | Money & Finance

The business model carried out by the owners of Watford FC is unlikely to be adopted by too many sectors outside of football, but by hiring and firing a conveyor belt of managers, they have managed to...

Newcastle United & West Ham Face Tax Investigation

Wed 26th Apr 2017 | Money & Finance

Newcastle United and West Ham United have been targeted by HMRC for alleged Tax and National Insurance fraud. Officers are understood to have raided the offices at St James’s Park and the London...

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...