Sunday, July 21, 2002
United out on their own in market
By Rob Draper
Manchester United are now in a class of their own in the European transfer market.
Despite paying David Beckham £100,000 a week, United's annual turnover of £130million and £21m yearly profits allow them to pick off the best deals.
While Leeds, with £77m of debt and Chelsea, carrying £97m borrowings, are under transfer embargo until they sell players, Arsenal have a new stadium to fund and baulked at PSV Eindhoven's £14.5m asking price for Mark Van Bommel.
Newcastle anticipate Champions League money, which funded the signings of Titus Bramble and Hugo Viana for £13m yet they are still £65.8m in debt.
Manager Bobby Robson admitted there would be no more spending this season.
In Europe, Barcelona and Real Madrid can compete with United but even they are having to tread warily as football's recession bites.
Real bought Luis Figo for £37.2m and Zinedine Zidane for £48.7m but are now feeling the pinch. They are trying to offload eight players, including Steve McManaman. Barcelona want to sell £100,000-a-week Brazilian Rivaldo.
Last week it was revealed that Italy's Serie A clubs had made a combined loss of £450m, meaning traditional spendthrifts Juventus and Lazio are out of the equation.
soccernet
