In this paper we discuss the X-ray point source population of NGC 4472 , an elliptical galaxy in the Virgo cluster . We used recent deep Chandra data combined with archival Chandra data to obtain a 380 ks exposure time . We find 238 X-ray point sources within 3.7 ^ { \prime } of the galaxy centre , with a completeness flux , F _ { X, 0.5 - 2 keV } = 6.3 \times 10 ^ { -16 } erg s ^ { -1 } cm ^ { -2 } . Most of these sources are expected to be low mass X-ray binaries . We finding that , using data from a single galaxy which is both complete and has a large number of objects ( \sim 100 ) below 10 ^ { 38 } erg s ^ { -1 } , the X-ray luminosity function is well fit with a single power law model . By cross matching our X-ray data with both space based and ground based optical data for NGC 4472 , we find that 80 of the 238 sources are in globular clusters . We compare the red and blue globular cluster subpopulations and find red clusters are nearly six times more likely to host an X-ray source than blue clusters . We show that there is evidence that these two subpopulations have significantly different X-ray luminosity distributions . Source catalogues for all X-ray point sources , as well as any corresponding optical data for globular cluster sources , are also presented here .