Owners: the Glazer family
Manchester United's last accounts showed they earned over double the income of Manchester City. However, where City were paying £4 million a year on their net £41 million of debt (which has probably gone now), United were paying £107 million in interest on their staggering £590 million debt.
That figure has reduced slightly - and talk of share offerings on foreign markets may reduce it further - but it remains the main barrier to United being consistently profitable. Sir Alex Ferguson has still been able to spend almost £50 million net on players over the past two seasons.
With the club operating a wages-to-turnover ratio of under 50%, it is such a shame that so much cash is leaving the game to service debt.
New deals, such as the most recent with DHL, will see United comfortably in the Financial Fair Play requirements and a probable return to breaking-even soon.
Profit Likelihood: 7/10
Its a shame that football clubs can't fill their gounds.
The premiership may be the best league in the world but it looks bad on tv when no ones in the grounds.
Anyone who believes that thetaxman gets half of the money paid to foreign footballers (and some home growns too) is deluded. They are using offshore companies as tax shields and paying very litlle if anything back to the UK. It needs sorting and quickly. Tevez has barely paid a penny in six years in the UK.
Beyond that they are overpaid anyway. All Premiership footballers should be on a base wage of not more than £2k per week which is enough for anyone. Then they can ber paid appearance money for playing for the first team, say £25k. Players on the bench are then paid proportionate to time on the field. That'll sort them out and stop clubs hoovering up all available talent.
Time to get this all sorted.
I get annoyed when people say the premiership footballers get paid too much... they are at the pinicle of a massive sport, and just like any other business that tries to maintain tallent within its ranks, thay have to pay thier employees enough so that another employer does not snap them up.
All players are actually getting the market rate for their services... well, except for Torres.
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