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Man United debt drops to $570M in 3 months

Updated: November 14, 2012, 9:21 AM ET
Associated Press

LONDON -- Manchester United's debt dropped by 18 percent as the Premier League leaders floated on the New York Stock Exchange and sponsorship revenue rose, according to the club's latest financial results.

United's debt, a source of fan opposition toward the owning Glazer family since their 2005 takeover, dropped to 359.7 million pounds ($570 million) by Sept. 30 from 436.9 million ($639 million) on June 30.

With the proceeds of its floatation, United paid off 62.6 million pounds ...

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