Utd's debt (~700m) dwarfs ours but the difference being that the matchday revenue at Old Trafford is so big (due to it being 76K and having top quality corporate hosting) that ever matchday earns you a shed load. OT has 10,000 executive seats and corporate boxes are £30,000 per game. This is why Gillett and Hicks are so keen to build a new stadium.
Added to that Utd are probably the biggest brand across the world (more so than Real IMO) and are certainly biggest in the highly coveted Asia market.
Having said all that - I think you guys are trading water, a couple of bad seasons could put you in a very bad situation - both teams just need to look at Leeds to see how bad it can get.
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Walk on
With hope in your heart
And You'll Never Walk Alone
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