City head in right direction - financially

Manchester City have reported a £3.5m (€5.1m) operating profit to May 2005.

The results, which take into account Kevin Keegan’s pay-off, but not the £21m (€30.8m) sale of Shaun Wright-Phillips to Chelsea, are £500,000 (€733,000) down on 12 months ago but have helped slash City’s overall debt to £57.7m (€84.6m).