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United - Considerably Richer Than You!

United - Considerably Richer Than You!

Forbes magazine has come up with a fascinating fact.

Apparently, despite the strife, United remain the richest club in the world.

Figures from Forbes declare that Manchester United have assets worth a staggering £1.24 billion.

Just for the purpose of this article we`ll ignore the fact that the Glazer family has £700 million of debts secured against it!

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Writer:Red Boy
Date:Thursday July 22 2010
Time: 2:50PM

Comments

0
Not being funny but i dont think its that simple to ''ignore'' a £700 mill debt. The term 'clutching at straws' springs to mind.
me_innit
22/07/2010 14:58:00
0
No doubt that the club is worth that much. That's why the banks continue to support the club without a protest.
JT_daniel
22/07/2010 15:04:00
0
imagine if glazers never took over.. we would be the healthiest club in the world right now. we could spend as much as we wanted (not City style, but as in if we wanted someone money wouldnt be a problem)
Reddevils4ever89
22/07/2010 15:34:00
0
Rd89 - not sure if that would be the case mate. You certainly wouldn't be as heavily indebted if they hadn't take over, but don't forget, united were a PLC. That means you have to pay dividends to shareholders based on profits, and all spending has to be scrutinised by the PLC board. fergie never did like having to justify his spending to the board, and I'm sure he didn't like the ammount of money goingg out of the club to it's shareholders. I'm sure the Glazer's takeover (which made perfect economic sense prior to the crash) was welcomed by Fergie as it meant he was more or less given carte blanche by the Glazers. And let's face it, it worked for the first few seasons, as you managed to keep the spending levels high enough to refresh the team, and several titles followed. It's only now that cold economic reality has dawned and the debt has come back to bite you on the arse.
fifthcolumnblue
22/07/2010 16:12:00
0
So which multibillionaire wants the biggest asset in football today?
TheFamousNo7
22/07/2010 18:42:00
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