Manchester United chief executive David Gill insisted the club areno more vulnerable to a takeover by Malcolm Glazer despite a drop inpre-tax profits by more than 50 per cent.
The club today announced half-yearly profits of GBP12.4millioncompared to GBP26.8m the previous year as the company bore the bruntof falling media revenue, last season's third-place Premiershipfinish and the cost of squad strengthening.
But Gill believes most United shareholders have invested for thelong term and reiterated the board's concerns about the "aggressive"nature of American tycoon Glazer's proposal.
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