Football club Manchester Uniter has today reported that it lost in the region of £80 million before tax in the 12 months to the 30th June 2010.
The bulk of this loss has been put down to one-off finance charges of £67m and interest payments totalling IRO £40m.
Without the debts, operating profit rose from £92m to just under £109m, despite falling matchday revenues – put down to a poor UEFA Champions League performance by the club.
The news will surely spark more debate regarding the club’s American ownership and debt profile.
The Union of European Football Associations is the administrative body for football, futsal and beach soccer in Europe. It is one of six continental confederations of world football’s governing body FIFA. UEFA consists of 55 national association members.
The UEFA Champions League is an annual club football competition organised by the Union of European Football Associations (UEFA) and contested by top-division European clubs, deciding the competition winners through a group and knockout format. It is one of the most prestigious football tournaments in the world and the most prestigious club competition in European football, played by the national league champions (and, for some nations, one or more runners-up) of their national associations.
Spanish clubs have the highest number of victories (18 wins), followed by England (13 wins) and Italy (12 wins). England has the largest number of winning teams, with five clubs having won the title. The competition has been won by 22 clubs, 12 of which have won it more than once and eight successfully defended their title. Real Madrid is the most successful club in the tournament’s history, having won it 13 times, including its first five seasons. Bayern Munich are the reigning champions, having beaten Paris Saint-Germain 1–0 in the 2020 final.