Record revenues but team-building cost weighs on Man Utd’s bottom-line

old trafford

By David Owen
November 12 – Manchester United continue to show the financial effects of their attempts to restore their dominance of the English club game, in spite of scoring a near 40% jump in first quarter revenues. A hike in costs, plus a financial hit on transfer dealings as manager Louis van Gaal and colleagues attempt to create a team worthy of the United brand, meant that pre-tax profits in the three months to September 30 were down 36% on a year earlier at £5.2 million.

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WADA suspends Moscow anti-doping laboratory

doping control

By David Owen
November 12 – The World Anti-Doping Agency (WADA) has moved immediately to suspend the accreditation of the anti-doping laboratory in the Russian capital, the Moscow Antidoping Center. The head of the laboratory, Grigory Rodchenkov, has also resigned.

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Benzema to take legal action over sex video claims

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November 11- Real Madrid’s French international striker Karim Benzema, placed under formal investigation in connection with an alleged sex tape blackmail plot, is to take legal action after a French radio station published extracts of phone taps that could incriminate him, according to his lawyer.

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