Manchester United yesterday announced record annual losses of ￡83.6million.
The Premiership giant plunged into the red as payments on its staggering ￡521.7million debt mountain hit ￡40million. Last year, the club showed a ￡48million profit, thanks to the ￡80million sale of Cristiano Ronaldo.
But figures yesterday showed it managed to claw back just ￡12.7million through player sales in the 12 months to July.
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At the same time it spent out ￡22million on star signings, including Antonio Valencia, now sidelined with a broken ankle.
Chief executive David Gill said operating profits of ￡100.8m - which excludes debt repayments - meant there was no need to offload players.
He said: "We have money in the bank so there is zero pressure on that."
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