Debts increase for Manchester United parent company

Manchester United's continuing debt repayments have led to their parent company posting a £44.8m (€49.5m) pre-tax loss for the year ending June 2008.

That figure takes Red Football Joint Venture Ltd's overall debt to £649.4m (€717.8m), despite an operating profit of £80.4m (€88.8m) over the same period.