Simply Reds Blog

A blog about the champions Manchester United.
Tags >> Debt
Jan 11
2010

United make profit but debt is crippling the club

Posted by Indy in Debt

Indy

United have announced yearly profits of £48.2m, compared with a loss of 21.4m for the previous year.

However, this figure also includes the £80m United recieved for the sale of Cristiano Ronaldo. If you take off this figure, United would have made another loss for the year of around £30m.

This might be one of the reasons why Sir Alex is holding back in the transfer market. He's a smart man and knows what's best for the club. Fans have been calling for a new signing but it looks unlikely to happen if you look deeper into the debt that looms over United.

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