I read this, http://www.bbc.co.uk/sport/0/football/19557934, with great interest, especially after this month's WSC (p16) where it stated that ManUre's £140m US IPO 'wiped' £6m from their debts (it gets even better as it was stated that the IPO cost £7.7m, so in fact, by my reckoning, the £140m raised cost them £1.7m). Now the thing I found very surprising was that there were no "English" clubs on that list. WTF?
Sky's money probably means the income side of the balance sheet is huge even if the debt is equally massive. In Spain, Barca and Real Madrid take something like 80% of the tv cash.
