Wednesday 20 January 2010

Schadenfreude vol.3: That's No Way To Run A Battleship

Manchester United's owners are £716.5 million in debt, which is secured against the club. The club made a profit last year of £6.4 million, thanks only to the £80 million they got for the sale of Fancypants Ronaldo - the previous year they made a loss of £47 million, despite winning the Champions League and the Premier League. They paid £68.5 million in interest on their debts last year...! It beggars belief that a business can be run in this way, but there you go - the financial world is a rule unto itself. But maybe we can now see the real reason Sir Alex didn't want to pay for Mr Tevez to stay.

No comments:

Post a Comment

Previously...