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Manchester United posts net loss

Updated: October 8, 2010, 2:40 PM ET
Associated Press

LONDON -- Manchester United posted a net loss of $132 million last year, when interest costs on the club's debts negated record revenues.

In the financial results released Friday for the fiscal year ending June 30, United reported record revenues of $455 million and the club's operating profit exceeded $159 million for the first time. But those figures were offset by payments to manage the club's debt of about $1.2 billion and costs related to a bond issue.

"We have a long-term financing ...

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