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 12:47pm]

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