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I think ManU has spent about that in interest payments, but it has gone to the 3rd party/parties that financed the leveraged buyout rather than to the Glazers themselves. It's still money that has gone out of the club because of the Glazers (and ultimately for their benefit), so is quoted by...

I could be wrong, but I think Mike Ashley has made money on Newcastle. He sold for about £170m more than he paid. It's hard to find a number for his total investment, but Joe Lewis paid something like £22m for nearly 30% of Spurs initially and now owns c 70%. Spurs, despite being in debt to...

There's one very obvious example to counter your argument. The Glazers. They 'spent' £800m to buy the club, with the loans raised against the club as collateral and the subsequent interest being paid by the club. If Chelsea is worth £2.5bn as a distressed asset, Man U has got to be worth...