Interesting to compare the headlines trumpeting a profit for the last quarter to 31 Dec with the actual accounts.
Despite a £6.3m profit over the 3 months, their half-year loss is £20m, just over £3m up on the same period last year.
They've had to borrow an additional £100m to keep them going, as their revenue isn't covering their outgoings. Cash flow for the 3 months was a net outgoing of £62m from their operations, plus another near-£30m spent on players. They've got to have, or be close to having, serious cashflow issues, similar to ours in 2008. In other words, they're running out of cash.
No wonder the Glazers are desperate to sell.