Manchester United have posted their financial results for the year ending June 2011. These results coincide with the Glazer family planning a floatation on the Singapore Stock Exchange of a minority stake, believed to be in the region of 25-30%, to raise approximately £600 million. The latest set of financial figures would be used to entice potential investors by making assurances about the running of the club and the financial structure upon which it is based. Indeed at a glance the results would make for encouraging reading when compared to last year’s significant loss, instead finding themselves posting a pre-tax profit of £29.7 million.
Listed below are some of the highlights from the set of results announced on 1st September 2011:
- Record operating profit of over £110 million
- Pre-tax profit £29.7 million
- Gross debt £458.9 million
- Net debt £308 million
- Cash £150.6 million
- Record revenues of £331.4 million (up £45 m)
- Net assets of £810.6 million
- Commercial income £103 million
- Interest payments £51.2 million
Fancy a trip to see United in an executive box? Make a bet with Bet188 and not only will you get fully refunded, you’ll also go into a prize draw to win 2 tickets to Bolton v United in Bolton’s Premier Lounge!