Manchester United owners report loss
Manchester United's owners made a £108.9m loss last year, according to their accounts.
The loss by Red Football Joint Venture, the Glazer family's parent company that owns United, include some one-off costs from setting up the £526m bond scheme last year to replace their bank loans, according to accounts filed at Companies House.
The lack of income from selling players also contributed to the loss for the year ending June 30, 2010 - the previous year the company had recorded £21m profit thanks largely to the £80m sale of Cristiano Ronaldo.
Last year's losses included £30.2m interest on their £220m payment in kind (PIK) loans which have since been paid off.
United's club accounts were published in October and revealed losses of £83.6m - the PIK interest payment is not included in the club accounts - but club chief executive David Gill said then there was £165m in the club's bank account and that they were in a healthy position.
Gill said in October: "We have money in the bank so there is zero pressure on that, no pressure at all to sell any star player.
"The philosophy is to retain and attract the best players. We have £165m in the bank but in some ways we would prefer to have £80m in the bank and Ronaldo on the pitch."
The highest loss recorded by a Premier League club was Chelsea's £132m in 2005.