Tuesday, January 12, 2010

MANCHESTER UNITEDS HUGE DEBT.

Manchester United have made a a pre tax profit for 2009. this is mainly due to the selling of Christiano Ronaldo for a record fee of 80 million pounds, and reaching the champion league final verses Barcelona also helped,adding to this was the E.P.L winner and Carling xcup winners cash. But last year they were in loss.. Sothey have decided to issue Bonds for 500 million pounds, to help generate funds.
But all is not well there the Glazers have taken a 10 million pound loan. And early the club papays huge interest, last year they paid 41.9 million as interest. Now the total debt of the club is a huge amount it has passed the 700 milllion pounds since the Glazer family took over at Manchester United in 2005.

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