Academic journal article The International Sports Law Journal

Manchester United Post Record Financial Results

Academic journal article The International Sports Law Journal

Manchester United Post Record Financial Results

Article excerpt

Once again, Manchester United (ManU) are in the news, not because of their 8-2 thrashing of Arsenal in their latest encounter, but because of their record financial results for the year ended 30 June 2011, which they announced on 1 September, 2011.

The financial highlights are as follows:

* Operating profit: [pounds sterling]110.9 million

* Revenue: [pounds sterling]334 million, up [pounds sterling]45 million on the previous year

* Pre-Tax profit: [pounds sterling]29.7 million, compared with a loss in the previous year of [pounds sterling]15 million

* Net Debt [pounds sterling]308.3 million, compared with [pounds sterling]376.9 million in 2010

Of course, ManU's debts have been a continuing source of annoyance and frustration to the fans, and, one of the reasons for the projected US$1 billion IPO on the Singapore Stock Exchange, expected to be launched later this year, is to reduce these debts.

Revenues, which include sponsorship deals, such as the [pounds sterling]80 million AON shirt sponsorship, were up from [pounds sterling]81. …

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