Manchester United reduces debt to £359.7m
15 November 2012, 13:34
London - The Standard reports that, Manchester United has reduced its gross debt in its financial first quarter after the Glazer family used the proceeds of the club's flotation to pay off £62.6m of bonds.
Gross debt fell to £359.7m in the three months to 30 September 2012, down 17% on a year earlier.
Total revenue rose 3.4% to £76.3m, the Old Trafford club said.
- For more details visit the Standard