Saturday, October 9, 2010

Manchester United's debts are 84 million pounds for the season

Manchester United have completed last season with a loss of 84 million pounds because they are trying to cope with rising debts, announced at Old Trafford.

United, who are third in the standings in the Premier League this season, recorded a profit of 101 million pounds through TV rights and advertising, but have come at a loss because they have decided to pay part of their debts.

The news will lead to a debate in Britain because of the leadership of the Liverpool team agreed to be sold to new owners to get rid of millions of debts that limit their ability to buy new players.

Many fans of the Reds' did say that their club will also be limited in the transfer market at a time in which the enemy city Manchester City spends hundreds of millions of new players.

We debts of United, which is owned by the Glazer family amounted to 522 million pounds.

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