Mixed success on the pitch but Man Utd scored financial turnaround in 2015-16

Man Utd3

By David Owen

September 12 – The impact of a new kit deal with Adidas combined with reduced finance costs as a consequence of a refinancing of the club’s sizeable debt have triggered a turnaround in Manchester United’s financial fortunes. The Old Trafford club today kicked off the 2015-16 Premier League full-year financial reporting season by unveiling a pre-tax profit of £48.8 million for the year to June 30. This compared with a prior-year loss of £3.6 million.

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