Simon English: Good result for Man Utd but stick to the football

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The Independent Online

Outlook The latest results from Manchester United were posted yesterday and in fairness they weren't all bad. Traders still seem of the view that the $14-a-stock New York share listing was toppy, to say the least, but there is no question the business is the possessor of a valuable franchise.

Profit of £20m in the three months to September is respectable for sure, but this number was rather flattered by a £26.5m tax credit.

For investors, the choice remains clear. Enjoy the football and avoid the shares.