Monday, January 11, 2010

United make a profit, but only after selling best player...

Manchester United have announced pre-tax profits of £48m for the year ending 30th June, 2009. However, if it wasn't for the fact that Ronaldo was sold to Real Madrid last summer for £80m, then the club would have made a loss of over £30m. The news comes on the back of the Glazers' attempts to refinance their massive debts with the issue of a £500m bond.

While everyone connected with United has major concerns about the debts heaped upon United by the Glazer family following their heavily leveraged acquisition of the club, the fans’ won't want to see the likes of Wayne Rooney being sold in the future in a bid to balance the books.

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