Pre-tax profits of £48.2m for Manchester United

Manchester United has announced its pre-tax profits of £48.2m for the year ended 30 June 2009.

The profit is a good indication compared with a loss of £21.4m a year ago

The profit includes the £80m fee the club received from Real Madrid for Cristiano Ronaldo last summer.

Man Utd has also said it plans to raise £500m through a bond issue in order to refinance its debts.

Without £80m from the sale of Ronaldo, the Manchester outfit would have reported a loss of £31.8m, despite winning the English Premier League for the third year in a row, as well as the Carling Cup and the Club World Cup last & runners up in the Uefa Champions League.

Short URL: http://sulehri.com/?p=834

Posted by Bilal Sulehri on Jan 11 2010. Filed under Football. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry