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United - The Lost £108 million?

United - The Lost £108 million?

A two page spread greets readers of a well know red-top publication this morning.

The two pages take great delight in informing its readers that Manchester United declared huge losses of £108 million last year.

The article then goes on to speculate just what talent this £108 million could have brought to the club taking great delight in informing those prepared to wade through the numerous column inches that the money has, instead, gone in servicing the Glazer`s debts.

But, for those who persevere and finally plough through the first page and deep into the second you enter a phase of the article that might just intrigue those who were sucked in by the outlandish claims.

Almost begrudgingly the author of the article mentions, through some comments made by David Gill, that money is available in the bank if Sir Alex Ferguson feels the necessity to purchase a player that can improve the side.

I can`t help feeling that by insinuating that the £108 million could have purchased a whole host of players the author of the article is contriving to play fantasy football. Isn`t that something more suited to our neighbours across the city?

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Writer:Red Boy
Date:Wednesday March 23 2011
Time: 5:00PM


Is this our (Man U, the club not the owners) net loss for the year or the Glazers loss of money?
24/03/2011 08:05:00
The loss is from Red Football Ventures (ie the parent company of united), so is entirely on the club's balance sheet, not the Glazer's.
24/03/2011 16:38:00
Cheers for clearing that one up fcb. Hmm, 108 mil, that's a lot to lose, have they tried looking in one of their jacket pockets? I'm not about to hit the panic button yet. When Nani, Rooney, Vidic, Evra, Fletcher, Ferdinand and Valencia all get sold I will believe in the asset stripping. Concerning? Yes. Why, however, would the Glazers reinvest 106 mil into the team in the form of Berbatov (30), Nani & Anderson (36), Rafael & Fabio (?), Smalling, Hernandez, Bebe & Obertan (24) and Valencia (16). They claim 160 mil is in the bank, personally I believe it (call me daft) but Fergie will only ever spend big on those who he considers are worth it, not stupid amounts on average players (Carroll, Milner, Lescott - no offense, they're just the best examples) personally I shudder at the thought of spending gross amounts for quality that doesn't represent the fee (though we haven't got it right everytime ourselves). Those saying "we should've got Van Der Vaart, Ozil, etc, etc" need to understand we can't make the best decisions all the time. Yes, Ozil has been brilliant for Madrid but VDV only cost 8 mil due to the profile of Tottenham at the time, they're hardly reknowned for their financial muscle or their footballing ability (though times have changed so don't expect them to be performing to many good signings at good prices for much longer). VDV was orginally set for Bayen for around the 20 mil mark until Bayern pulled out. Bearing in mind the Glazers recently payed off a chunk of debt in the PIK loans and, i'm assuming, so money was used for that. I'm expecting the protests to grow even stronger and the Glazers to stand strong in their refusal to sell the club. If the 5hit hits the fan i'm certain their are many potential suitors. Now is not the time to hit the panic button, we must trust in Fergie.
24/03/2011 17:14:00
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