Friday, October 8, 2010

MANCHESTER UNITED MAKE A 83.6MILLION POUND LOSS.

This year Manchester United have made a huge loss, it is 83.6 million pounds. But last year they managed to make a profit of 48 million pounds , greatly helped by the huge sale of Christiano Rolando to the Spanish giants Real Madrid for 80 million pounds.
This year the story is different, they are paying higher interest as the Glazers defaulted on the date. And the interest increased from 14.25 to 16.25. here they paid 40 million pounds on interest only.
Another reason for the loss is that they did not do well in the champion league last year.

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