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Debt drags Man Utd into the red

Manchester United - Interest payments of £40m last year
Manchester United - Interest payments of £40m last year

Manchester United have become the first English club to crash through the £100m sterling operating profit barrier - while at the same time posting a loss of almost £84m.

Man Utd announced a group operating profit of £100.8m but an overall loss for the financial period up to June 2010 of £83.64m.

The widely contrasting figures once again emphasise how the Red Devils remain one of the world's most attractive sporting organisations, while at the same time showing the cost of a hugely controversial takeover by the Glazer family in 2005.

Interest payments accounted for £40m, while there was also a hefty one-off cost for the successful £504m bond issue earlier this year.