Ewan MacKenna: Whether David Moyes turns things around or not, Manchester United remain a licence to print money

If you've never come across the story of John Spano, it's worth a quick revisiting.

26th January, 2014
Manchester United players stand dejected as they crash out to Sunderland in the Capital One Cup. Picture: PA

If you've never come across the story of John Spano, it's worth a quick revisiting. Back in 1996, the Texan businessman briefly acquired the New York Islanders NHL ice hockey team, after a purchase of $165 million was signed off on before the money was paid up, and despite the fact that Spano was really worth just a few hundred thousand.

In one of the most audacious con jobs in sporting history, Spano hid behind a non-existent...

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