Tuesday, March 22, 2011

Another Chapter in the Glazer Financial Saga

As the Associated Press reports, Manchester United posted a $171.5 million loss last season. Ouch.

The Glazer family, which is much more scrutinized in its role as owners of Man U. than they are in their role as owners of the Tampa Bay Buccaneers, are downplaying the numbers:
"But in the annual report for the year ending last June 30, director Joel Glazer
says the club has "sufficient cash reserves ... for investment in the playing
Read more here.

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