Manchester United released record figures on Thursday, with a total turnover of more than £330 Million and an operating profit of over £110 Million for the first time in the club's history, for the financial year ending June 2011. Media, matchday and commercial income were all increased, while net debt was reduced from £377 Million to £308 Million. Total operating costs were also raised, but The Red Devils posted a profit before tax of £30 Million.

The Glazer Family will soon embark on a 25% flotation of their shares on the Singapore Stock Exchange, aiming to raise over £600 Million in the sale. These financial results will only strengthen their hand, but ultimately could see the unpopular American owners leave the club debt-free. Although this may take time, there is no let up in the funds in world football, as we saw in the Barclays Premier League transfer window: Almost £500 Million was spent !

United revealed their financial results midweek, with total turnover up from £286 Million in 2010 to £331 Million in 2011. Media income stood at £119 Million (up £14.6 Million), matchday earned the club £109 Million (up £8.6 Million), while commercial turnover rose to £103 Million (up £22 Million) for the first time. The total operating costs equated to over £220 Million, with an operating profit of £111 Million and profit before tax in the black, at £30 Million. 

With revenue up £45 Million on the previous 2010 financial year, United announced that debt was reduced by almost £70 Million. Summer transfers costed over £50 Million (Phil Jones, Ashley Young and David De Gea), with total net assets of £811 Million and the cash balance at £151 Million for the future. The last quarter (three months ending June) were also very positive, posting turnover of almost £100 Million and the operating profit standing at £29 Million.