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Real Madrid Tops the Money League As Man Utd Fans Get Despondent About the Glazers
The Madrid club, so hungry for glory, actually made a profit of $525m (£350m, €385m) for the 2008/09 season. However, that was before they paid no less than $475m (€350m, £318m) for the cream of the crop of players from across Europe to create a squad that would look to take some of the glory from their rivals. their great Barcelona.
Barcelona had a great season last year, winning every competition they entered; including La Liga and the Champions League, leaving Real’s trophy room completely bare. In third place was Manchester United who lost the Champions League final to Barcelona but made a healthy £55m profit when they sold superstar Christiano Ronaldo. Christiano now wears the famous white of Real Madrid, one of the most recognizable football uniforms on the world stage. Wayne Rooney, who looks like he could knock Christiano and Lionel Messi into their position to become the best footballer in the world, is filling his boots as the man of Manchester United these days.
Manchester’s season seems to be moving at the right speed at the right time, and last Sunday’s Carling Cup final victory a brilliant display of not-so-silky football played with a lot of guts. The icing on the cake was Wayne Rooney coming off the bench to score the winning goal with a header. While statistics are not readily available, football pundits say Wayne has scored more headed goals in the last month than in the rest of his career combined.
While there are happy moments on the pitch for Man-U these days, they certainly don’t have their problems looking for it. And it all depends on the money. Trouble began in 2005, when the club was taken over by American billionaire Malcolm Glazer, who had made his fortune running American soccer teams. Glazer paid around $1.2bn (£800m) for the club, which was largely financed by borrowing, meaning huge amounts of interest have been paid every year since. According to the latest accounts published in January, United’s debt burden has risen to around a billion dollars (£716.5m) with close to $100m (£68.5m) paid in interest during 2009 alone.
Fans say these huge interest payments are starting to weaken the club’s ability to buy the best players who will keep them at the forefront, both at home and in Europe. Signs of fan displeasure with the Glazer’s or the club’s run have become increasingly apparent with many fans refusing to wear their favorite red football uniforms. Instead they started waving green and gold scarves and banners, which were the colors of Newton Heath. Newton Heath was a simple football club that changed its name to Manchester United more than a century ago. United fans are calling for a return to the days when football was more of a sport and less of a business. Let’s hope they succeed!
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