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| Version 1 | Version 2 |
|---|---|
| Manchester United sees debts drop | Manchester United sees debts drop |
| (10 minutes later) | |
| Manchester United has reported a reduction in the club's huge debt burden. | Manchester United has reported a reduction in the club's huge debt burden. |
| The football club said its gross debt was £507.5m by the end of last year, compared with £716.5m in June. | |
| Pre-tax profits for last three months of 2009 were £6.9m compared with a loss of £2.7m in the same period in 2008, while revenue rose to £87m from £74.4m. | |
| The news comes as the "Red Knights" consortium of financiers has been meeting to discuss a possible bid. | The news comes as the "Red Knights" consortium of financiers has been meeting to discuss a possible bid. |
| Deloitte's sports unit said on Tuesday that the Premier League champions were behind Real Madrid and Barcelona in terms of football income. | Deloitte's sports unit said on Tuesday that the Premier League champions were behind Real Madrid and Barcelona in terms of football income. |
| US sports tycoon Malcolm Glazer took over the club in 2005. But his reign has been controversial, with many fans opposed to the huge levels of debt that Red Football, the club's holding firm, took on to finance the takeover. | US sports tycoon Malcolm Glazer took over the club in 2005. But his reign has been controversial, with many fans opposed to the huge levels of debt that Red Football, the club's holding firm, took on to finance the takeover. |
| By June last year, the club's debt passed £700m for the first time. | |
| Green and gold | Green and gold |
| Many fans wore green and gold - the colours of Newton Heath before it was renamed Manchester United in 1902 - at Sunday's Carling Cup final, which the defending champions won. | Many fans wore green and gold - the colours of Newton Heath before it was renamed Manchester United in 1902 - at Sunday's Carling Cup final, which the defending champions won. |
| In January, Manchester United successfully raised £504m through a bond issue, meaning the Premier League club will be able to pay off nearly all their outstanding debts. | In January, Manchester United successfully raised £504m through a bond issue, meaning the Premier League club will be able to pay off nearly all their outstanding debts. |
| The club faces an annual interest bill of £45m a year on the bonds. | The club faces an annual interest bill of £45m a year on the bonds. |
| Manchester United's cash balance stands at £122.1m, up from £8.6m. | Manchester United's cash balance stands at £122.1m, up from £8.6m. |