Don’t Let Your Stars Hold You To Ransom

Don’t Let Your Stars Hold You To Ransom Manchester United’s parent company, Red Football Joint Venture Limited, reported a loss of £109m. The company's previous accounts, for the year up to June 2009, had posted a pre-tax profit of £21.6m, mainly due to the £81m sale of Cristiano Ronaldo to Real Madrid. We’re often far more familiar with what the stars of teams are paid (Wayne Rooney £250k per week), as opposed to the profits or … [Read more...]