Manchester United’s slow start to the season on the pitch was pushed to one side on Friday as details emerged of large financial losses over the past year.
The total pre-tax loss is £79.6 million. There are many different elements and circumstances which contributed to this figure, but overall, it is another worrying piece of news for the club and its many fans.
Much of the loss came from finance charges of around £67 million, paid as part of a refinancing deal earlier in the year by the club’s owners, the Glazer family. The Americans are under pressure due to the financial restrictions they are imposing with the huge debts they have built up, in a very similar situation to what is happening at the club’s great rivals, Liverpool.
Overall annual turnover did increase to £286.4 million, but few fans will take comfort in that, and Sir Alex Ferguson looks to have his work cut out to find a winning formula with less and less money available to help him.
http://thenewsportal.net/?p=528983
Friday, 8 October 2010
Wednesday, 6 October 2010
Liverpool takeover looms
Reports on Wednesday morning suggested that Liverpool’s lengthy search for new owners might have reached its conclusion.
On Tuesday evening the club released an extraordinary official statement which detailed that they had received two “excellent” offers. It went on to say that the current American owners had tried to replace two of the independent members of the board who were in approval of the bids – one of the replacements was the son of Tom Hicks.
But the other directors outvoted them and accepted the sale subject to a legal review. Nothing can be taken for fact until the paperwork has been signed.
Most fans will be happy as their main aim was to get rid of the current owners. However, the prospective takeover will be by another US consortium which currently owns sports clubs like the Boston Red Sox in America, so the supporters will be hopeful yet watchful in seeing how the new group conduct their business.
Will it be good for the club? Or could it become a similar situation to the one which the club has had to work so hard to extricate itself from?
http://thenewsportal.net/?p=524270
On Tuesday evening the club released an extraordinary official statement which detailed that they had received two “excellent” offers. It went on to say that the current American owners had tried to replace two of the independent members of the board who were in approval of the bids – one of the replacements was the son of Tom Hicks.
But the other directors outvoted them and accepted the sale subject to a legal review. Nothing can be taken for fact until the paperwork has been signed.
Most fans will be happy as their main aim was to get rid of the current owners. However, the prospective takeover will be by another US consortium which currently owns sports clubs like the Boston Red Sox in America, so the supporters will be hopeful yet watchful in seeing how the new group conduct their business.
Will it be good for the club? Or could it become a similar situation to the one which the club has had to work so hard to extricate itself from?
http://thenewsportal.net/?p=524270
Monday, 4 October 2010
Strong First Day for Brits
Previous Articles
For weeks, the main talking points have been over whether or not the events would even take place because of some shocking conditions in living areas, as the hosts had apparently not finished much of the preparation in time.
Thankfully though, attention could turn to the sport itself as the speculation and criticism was left behind, forgotten in part due to an impressive opening ceremony.
There were four medals in total for the Brits, including two for England in the swimming.
The Games have now fully begun, and everyone interested will be hoping for all the focus to remain on the performances and achievements of the athletes, although serious questions remain over the Indians’ efforts as hosts.
http://thenewsportal.net/?p=490481
Europe regain Ryder Cup
Europe regained the Ryder Cup on Monday afternoon after a tight session of single matches and a nail biting, close finish.
The competition had to be completed late following heavy rain at Celtic Manor over the weekend. The momentum swung back and forth throughout the four days, first America and then Europe holding the advantage, before the latter held on for the win.
It was such a close contest that it came down to the very last game of the whole match. Europe’s Graeme McDowell kept his nerve to take the final point required by his team, showing the composure which justified the selection by his captain, Colin Montgomerie.
So Europe won the illustrious Cup once again, and the celebrations are sure to continue for a very long time in south Wales, and the entire continent.
http://thenewsportal.net/?p=436185
The competition had to be completed late following heavy rain at Celtic Manor over the weekend. The momentum swung back and forth throughout the four days, first America and then Europe holding the advantage, before the latter held on for the win.
It was such a close contest that it came down to the very last game of the whole match. Europe’s Graeme McDowell kept his nerve to take the final point required by his team, showing the composure which justified the selection by his captain, Colin Montgomerie.
So Europe won the illustrious Cup once again, and the celebrations are sure to continue for a very long time in south Wales, and the entire continent.
http://thenewsportal.net/?p=436185
Sunday, 3 October 2010
Monday finish for Ryder Cup
The Ryder Cup is now scheduled to be completed on Monday after very heavy rain in south Wales has made play impossible for much of the weekend. Play will resume on Sunday afternoon.
The Americans got the better of the early exchanges to take a 6 – 4 lead, but Europe are currently leading all six of the matches still to be completed. If they can maintain that advantage, it would put them in a very strong position before the singles matches start.
Although inconvenient and disruptive, the weather has made for even more excitement, confusion and uncertainty over the performances and results themselves, as players have to try to keep their concentration and momentum despite lengthy breaks for rain, making this tournament arguably tougher than many which have gone before.
http://us.mg5.mail.yahoo.com/dc/launch?.gx=1&.rand=fp5v1mv6pcic7
The Americans got the better of the early exchanges to take a 6 – 4 lead, but Europe are currently leading all six of the matches still to be completed. If they can maintain that advantage, it would put them in a very strong position before the singles matches start.
Although inconvenient and disruptive, the weather has made for even more excitement, confusion and uncertainty over the performances and results themselves, as players have to try to keep their concentration and momentum despite lengthy breaks for rain, making this tournament arguably tougher than many which have gone before.
http://us.mg5.mail.yahoo.com/dc/launch?.gx=1&.rand=fp5v1mv6pcic7
Saturday, 2 October 2010
United Still Winless Away
Manchester United managed to hold on to a clean sheet at the Stadium of Light on Saturday afternoon in order to claim their fourth consecutive draw away from home this season.
Many might consider them fortunate, as home team Sunderland created more chances, and might have scored on several occasions, with Bolo Zenden hitting the post in the first half.
United improved in the second period but at the final whistle it remained goalless at 0 – 0, and it was Sunderland who felt it may have been two points dropped for them.
The Manchester club has now failed to win in all four matches on the road so far in the Premier League, conceding a lot of ground to rivals Chelsea, who play Arsenal at Stamford Bridge on Sunday.
http://thenewsportal.net/?p=413046
Many might consider them fortunate, as home team Sunderland created more chances, and might have scored on several occasions, with Bolo Zenden hitting the post in the first half.
United improved in the second period but at the final whistle it remained goalless at 0 – 0, and it was Sunderland who felt it may have been two points dropped for them.
The Manchester club has now failed to win in all four matches on the road so far in the Premier League, conceding a lot of ground to rivals Chelsea, who play Arsenal at Stamford Bridge on Sunday.
http://thenewsportal.net/?p=413046
Thursday, 30 September 2010
Reds Struggle in Holland
Previous Articles
Fans were once again left wondering why Steven Gerrard was omitted from the whole squad for resting so early in the season, and the side unsurprisingly struggled to create anything against the Dutch.
It was the unfancied home team who had the best of the chances, having a header cleared off the line and a strong penalty claim turned down.
Fernando Torres started the game as the lone striker, but without the captain present the midfield failed to give him enough to feed on. They eventually held on for a 0 – 0 draw.
They are still in a strong position to emerge from the group, but attention must now turn to the match against Blackpool in the Premier League at the weekend, with all involved hoping for three points.
http://thenewsportal.net/?p=419280
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