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Tom Jones' Two Cents

Sports analysis, perspective and more.

This isn't going to help the Glazers' popularity



Manchester United fans have found yet another reason to protest the Glazers' ownership.

Despite record revenues, Man U reported a net loss of $135.5 million last season, the Canadian Press reports.

The club had no debts before Malcolm Glazer took over in 2005 and reported a $41.3-million profit the previous financial year, according to the story.

Fans are upset that the team spent only $40.5 million on new players this past offseason and have made no big-name signing to replace Cristiano Ronaldo, who was sold to Real Madrid for a record $129.6 million. This, despite cash revenues of $265.3 million.

Of course, it doesn't help that rival Manchester City spent more than $194.4 million on new players, or that Man U is currently third in the Premier League standings.

[Last modified: Friday, October 8, 2010 11:47am]


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