Sports in brief: Glazer soccer company puts losses at $171.5 million; concerns are minimal

Soccer

glazer company puts losses at $171.5 million; concerns minimal

LONDON — The American-owned holding company of Manchester United, which also owns the Buccaneers, recorded a net loss of $171.5 million last season.

The Glazer family's Red Football Joint Venture Limited incurred a $105.9 million expense to refinance high-interest bank loans.

Unlike the previous season, the team did not sell any high-profile players. Cristiano Ronaldo's move to Real Madrid helped the club's parent company to a $10.5 million net profit for the previous season.

In the annual report for the year ending June 30, director Joel Glazer says the club has "sufficient cash reserves … for investment in the playing squad."

English team reinstates captain: John Terry is back as captain of England's team and acknowledges he's not "everybody's cup of tea." The Chelsea defender was stripped of the captaincy in February 2010 after allegations he had an affair with teammate Wayne Bridge's former girlfriend. Manchester United defender Rio Ferdinand took over as captain. Bridge wound up quitting international soccer.

tennis

Oudin gets first-round win at Sony Ericsson

Melanie Oudin defeated Julia Goerges 7-5, 6-3 in the first round of the Sony Ericsson Open on Tuesday in Miami.

Oudin led 5-2, but allowed Goerges to pull even before winning the first set.

Wild card Madison Keys, a 16-year-old ranked No. 421, took Patty Schnyder to three sets before falling 3-6, 6-1, 7-6 (7-2).

Djokovic, Nadal to play soccer for charity: Novak Djokovic and Rafael Nadal will lead a group of top tennis players in a charity soccer match to benefit the relief effort in Japan. Andy Murray and David Ferrer are among others planning to play against the Fort Lauderdale Strikers at a Miami high school tonight.

college football

'Canes suspend LB after felony charges

Miami linebacker Ramon Buchanan is facing felony counts of resisting arrest and battery after allegedly spitting on and attempting to head butt a police officer, as well as three misdemeanor charges following an incident last week.

He has been suspended indefinitely by coach Al Golden.

Police said Buchanan, 21, caused a disturbance in a restaurant bathroom in Coconut Grove around 1:30 a.m. Friday.

garcia back: South Carolina quarterback Stephen Garcia, a former Jefferson standout, returned after a suspension for violating team rules. He missed three practices.

ET CETERA

Golf: Tiger Woods will join two of the longest hitters on the PGA Tour the first two days at the Arnold Palmer Invitational in Orlando. Woods is in a group with Transitions Championship winner Gary Woodland and Dustin Johnson, both on the A-list of big hitters. … Ryder Cup captain Corey Pavin committed to the Outback Steakhouse Pro-Am, April 11-17 at TPC Tampa Bay in Lutz.

Olympics: A leading Chinese sports official is calling for bone-age analysis to stop athletes from faking their birth certificates to qualify for events. Cai Zhenhua also is head of the Chinese table tennis federation and says it will adopt bone-age analysis as a test case. … Gymnast Nikolai Andrianov, whose 15 medals made him the second-most decorated Olympic male athlete, died at 58 in Vladimir, Russia. Russian news reports said he had a degenerative neurological disorder.

Times wires

Sports in brief: Glazer soccer company puts losses at $171.5 million; concerns are minimal 03/22/11 [Last modified: Tuesday, March 22, 2011 10:45pm]

© 2014 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...