Football

United parent company posts loss

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Football News
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Manchester United's continuing debt repayments have led to their parent company posting a £44.8million pre-tax loss for the year ending June 2008.

That figure takes Red Football Joint Venture Ltd's overall debt to £649.4million, despite an operating profit of £80.4million over the same period.

That profit represents an improvement of £5million on the previous year, achieved partly thanks to United's triumph in the Champions League final last May.

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Topics:
Football
Premier League
Manchester United

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