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I downloaded the accounts the other day from companies house and have been going slowly through them.
I wouldn't read too much into the loss of £58 mil. This figure includes all kind of write offs that are common when a company is taken over. From what I can remember £27 mil was amortisation of goodwill. Which is basically writing off the different between the consideration paid and the value of united on the books. This is being written off over 13 years. Players registrations are also being written off over the length of their contract. This means in effect that sunk costs are being spread over several accounting periods.
As long as we are making a healthy operating profit and have cash in the bank I dont think there is a need to hit the panic button.
There is also talk of the credit crunch hitting the Glazers hard.
This should not be the case as they have hedged against there floating rate loan with interest rate swaps.
At the end of the day you dont get as rich as the Glazers without knowing your onions.
I would be more worried about there ticketing policies and there core principles such as 'treating fans like customers' rather than what the accounts say.
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