Manchester United reveal record profits

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Updated: September 2, 2011

The Premier League champions have revealed an operating profit of £110.9 million for the past financial year.

The figure underlines United’s popularity all over the world and the news comes on the back of a plan to raise up to £600 million by floating on the Singapore stock exchange.

Things couldn’t be looking rosier at Old Trafford, then team performing on the pitch and now it seems they are in a very healthy position off the pitch as well following years of financial crisis under the Glazer’s. The club also recorded revenue of £331.4 million – an increase of £45 million from last year and passing the £300 million mark for the first time.

Last season, they won a record 19th League title and also made the Champions League Final, during which they recorded a commercial turnover of over £100 million.

By Ryan Bailey, @ryanbaileysport

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