Tag: Losses
Man Utd post huge losses despite record profits
Manchester United made a full-year loss of 84 million pounds ($133 million) due to managing the cost of debt, they said on Friday, giving more ammunition to the many critics of the Premier League club's American owners.
The club posted a record operating profit of 101 million pounds due to increased broadcasting and commercial income but made a loss when interest charges and the cost of restructuring debt were added on. It's the first time that a British club has crossed the 100
The club posted a record operating profit of 101 million pounds due to increased broadcasting and commercial income but made a loss when interest charges and the cost of restructuring debt were added on. It's the first time that a British club has crossed the 100
