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Manchester United owners report £108m loss

Manchester United's owners made a £108.9million loss last year, according to their accounts.

The loss by Red Football Joint Venture, the Glazer family's parent company that owns United, include some one-off costs from setting up the £526million bond scheme last year to replace their bank loans, according to accounts filed at Companies House.

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KonohagakureFC4168d ago (Edited 4168d ago )

£109 Million loss woah you could buy a whole club with that kinda money

crazyturkey4168d ago (Edited 4168d ago )

They may need to do some changes in their economic model or they may end up like Liverpool. Also I wonder were all the money they generate goes to, as I doubt most of it goes to pay for debts.

ultramoot4168d ago

It's strange. I've read somewhere before that ManU were the highest in generating annual income among the EPL teams.

Mozilla894168d ago

"The philosophy is to retain and attract the best players. We have £165million in the bank but in some ways we would prefer to have £80million in the bank and Ronaldo on the pitch."

Interesting...I suppose I would feel the same way, I wonder if he'll stay at Madrid for the rest of this career.