Why do people keep saying this? Despite the debt United is still one of the best run clubs on the planet, with the third highest rate of revenue. Unless you consider spending £50m on transfers a poor financial state.
Link for that?
And According to the Beeb you've got £423m debt, hence why shares were to be sold recently
I don't think thats a very well run club
If you want a well run club look at Arsenal. Sadly football now requires financial doping to guarantee victory
If you actually care about United's finances read this http://swissramble.blogspot.co.uk/2012/07/manchester-united-tuning-in-to-capital.html