Manchester United's parent company made a loss of £108.9m in 2009-10, according to their latest accounts. The loss by Red Football Joint Venture, the Glazer family's parent company that owns United, include some one-off costs from setting up the £526m bond scheme last year to replace their bank loans, according to accounts filed at Companies House.
The lack of income from selling players also contributed to the loss for the year ending June 30, 2010 - the previous year the company had recorded £21m profit thanks largely to the £80m sale of Cristiano Ronaldo.
Last year's losses included £30.2m interest on their £220m payment in kind (PIK) loans which have since been paid off.
The highest loss recorded by a Premier League club was Chelsea's £132million in 2005.
