Manchester - Manchester United's parent company, Red Football, just announced that it has suffered losses of Rp 1.543 trillion. Nevertheless, MU certainly still have money to spend.
Red Football is a company formed when the Glazers took over Manchester United in 2005. Two days ago, Red Football announced that it has booked losses of 108.9 million pounds.
The news makes the MU supporters worried that their club will not have money to shop for new players for next season. The news pushed over by the Director of the MU Joel Glazer.
To the Manchester Evening News, Joel Glazer says, "We have enough spare money, for investment to strengthen the squad."
Joel Glazer's statement confirms that once expressed by Chief Executive David Gill in October last year.
"We have money in the bank, so there's no pressure, no pressure to sell any star players. His philosophy is to maintain and inviting the best players. We've got 165 million pounds in the bank," Gill said at the time.
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