Last updated : 09 January 2006 By editor

From The Times:

‘Some light will be shed on the financial situation at Manchester United this month when the club publish their first set of accounts since the £800 million takeover by Malcolm Glazer and his sons.

As a private company, the information will be less detailed than was required by the London Stock Exchange when the club was owned by public shareholders. However, it is understood that the Glazer regime will be more forthcoming than might be expected and will continue with the policy of revealing how much is spent on football agents.

United fans will scrutinise the accounts, which will cover only 11 months as the board has changed the year end from July 30 to June 30 to tally with player contracts. They will be seeking assurances that the club are capable of servicing £374 million of bank debt on present cashflows and evidence of cost-cutting on players' wages and backroom staff.