United chief upbeat over £27.9m profits

Manchester United have today announced a pre-tax profit of £27.9m (€41.1m) for the financial year ended July 31, 2004.

The figure represents a fall of £11.4m (€16.8m) from last year but overall operating profits for the plc did show a 5.9% increase to £58.3m (€85.9m). Turnover for the year was £169m (€249m).