Record profits for United

Manchester United has posted record operating profit of £110.9million for the past financial year.

The club also recorded record revenue of £331.4million – up £45million on last year and passing £300million for the first time – according to figures for the year ended June 30, 2011.

United, who won the Barclays Premier League title and reached the Champions League final during the period, also recorded a commercial turnover of £103.4million.

The latest results come as the club consider a plan to raise up to £614million by floating on the Singapore Stock Exchange.