The Reds have reported pre-tax profits of £48 Million for the year up to June 30th, 2009 - included in the profit was the sale of Ronaldo to Madrid. 

United have also announced plans to raise £500 Million through a bond issue.

The £80 Million sale of 'Word Player of the Year 2008', Cristiano Ronaldo to Real Madrid was included in the profit figure of £48 Million.

Also included was a massive £42 Million of interest paid out on the Glazer family loan of £510 Million.

United's operating profit was up from £80 Million, to £91 Million. While turn-over was also up, £256 Million, to £278 Million.


Bond Issue Of £500M

United have also revealed that the club intends to raise a massive £500 Million to replace debt. The money will be raised through a bond issue. This would mean that investors would give United a more feasible interest rate, rather than the current rate of 15%.

"Manchester United today announced that it will be seeking to raise approximately £500 Million aggregate principal amount from an offering of senior secured notes due 2017," said the 'Red Football ltd.' statement.

"The notes, whose proceeds will be used to refinance existing debt secured against the club, will be issued by MU Finance plc."

Without the sale of Ronaldo, United would be at a loss of over £30 Million, which would be damaging for the long-term financial situation. 


AON Sponsorship

Earlier in 2009, United announced that AON would take over as the club's main-sponsor in the 2010/2011 season, from AIG - who had to be bailed out by the US government. 


The deal with AON will last over four years, an is worth about £80 Million.