Manchester United's Glazer family insist they're delighted with the commercial revenue being generated by the club this season.

Only last month United signed a massive £9.3million marketing contract with Saudi Telecom, giving it a major foothold in the cash-rich Middle East, with other deals in the process of being negotiated.

And, contrary to recent speculation, the club's corporate boxes are running at 96 per cent of capacity this season, higher than 12 months ago.

"Manchester United is financially strong," insisted the spokesman. "We have not been adversely affected by the credit crunch."