The Premier League champions had recorded an £83.3m loss last year and still have around £45m of debt repayments outstanding, as Glazer family prepare to sell up
Manchester United have posted record operating profits of £110.9 million for the financial year ending June 30, 2011, recording a commercial turnover of £103.4m.
The Red Devils' profits come after their £83.3m loss last year, but debt repayment believed to be in the region of £45m a year still remains.
The Old Trafford club also posted an increase in revenue from £300m the previous year to £334.1m this time out.
It was exclusively revealed by Goal.com that the Glazers are prepared to sell the club on the Singapore stock exchange, with previous reports pointing towards a dual policy in shares for investors.
According to the policy, an investor would have to buy one non-voting share for every voting share bought in the club, which would allow the Glazer family to remain in control of the club and yet raise funds.
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