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MANCHESTER, England -- The wall of fame of Manchester United
MANCHESTER, England -- The wall of fame of Manchester United managers still informs Old Trafford visitors that a "new chapter has begun" under David Moyes. Walter Brown Jersey . In reality, it was a short, painful chapter in United history that will cost around $90 million, the club disclosed on Wednesday. Although the museum display hasnt been updated, its been more than four months since Moyes was fired before completing a season as Alex Fergusons successor. The task of restoring the former glories is with Louis van Gaal, and the club told investors on Wednesday that the former Netherlands manager needs to deliver a top-three finish in the English Premier League. United executive vice chairman Ed Woodward is certain Van Gaal, who won titles with Ajax, Barcelona and Bayern Munich, has begun to reinvigorate the club. "The 2013-14 season was a very challenging and disappointing one," Woodward said. "But under Louis there is a real feeling at the training ground that we are at the start of something special. We are very excited about the future." After 26 years under Ferguson, there have been two new chapters in a year. Still searching for his first win after four matches in charge, this manager has to get it right. In its annual financial results, United said it cost 5.2 million pounds ($8.4 million) in compensation to fire Moyes and some of his coaching staff after just 10 months in charge. United, which is owned by the Glazer family and listed on the New York Stock Exchange, remains a commercial juggernaut, with 2013-14 revenue up 19 per cent to a club record 433.2 million pounds ($699 million). But the failure to qualify for Europe under Moyes by finishing seventh has led United to forecast revenue in 2014-15 to drop by 10 per cent -- around $80 million -- to as low as 385 million pounds ($619 million). "Our budgets assume a third-placed finish," Woodward said. Underlying profit is also forecast to drop from 130.1 million pounds ($210 million) to between 90 to 95 million pounds ($145 to $153 million), although the debt which angered fans after the 2005 Glazers takeover has fallen to 341.8 million pounds ($551 million). But the 20-time English champions have been spending heavily in a bid to arrest the decline, reinvesting the sponsorship revenue, which soared by 50 per cent to 135.8 million pounds ($219 million) in the year to June 30. The accounts show 78.9 million pounds ($127 million) spent on players, including the signing of Juan Mata in January for 37.1 million pounds (then $61 million). The wage bill rose by almost 20 per cent to 214.8 million pounds ($345 million). Since the end of the financial year, United has spent more than $200 million, including a British record fee of 59.7 million pounds ($99 million) to sign Argentina midfielder Angel Di Maria from Real Madrid in an attempt to improve Uniteds position. Despite the investment in foreign talent and sale of academy graduates -- including striker Danny Welbeck to Arsenal -- assistant manager Ryan Giggs said the club remains committed to youth development. At least one homegrown player has featured in every United matchday squad since 1937 -- a statistic that covered Giggs before he retired from playing this year. "The club will never change. The history of the club is to play exciting football, always give youngsters a chance," Giggs said at the SoccerEx conference in Manchester. "Danny has left, which is obviously disappointing because you never want to see a homegrown player leave ... but we have got to make sure young players come through because United fans demand it." But there will soon be further sponsorship cash to spend on transfers. Next years accounts will reflect the start of the seven-year $559 million shirt sponsorship with Chevrolet, but an Adidas kit deal, worth potentially 75 million pounds ($121 million) a year, doesnt start until 2015-16. "Commercially, we continue to go from strength to strength," Woodward said. Custom Boston Celtics Jerseys . So true. It is one thing to create a winning football team, and another to keep it winning. Each and every week it changes. The NFL creates a unique interest of not who is "the best", but much more who is "the best this week". Al Horford Jersey . TSN2 December 18 Knicks at Bulls 8pm et/5pm pt TSN2 December 18 Thunder at Warriors 10:30pm et/7:30pt TSN2 December 21 Pacers at Timberwolves 7pm et/4pm pt. 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Irving scored 20 points, including seven in the fourth quarter, and Cleveland defeated the Los Angeles Clippers 88-82 Saturday night. Irving made his first shot of the night on a layup a little over three minutes into the game.Flushing Meadows, NY (Sports Network) - Former top-10 star James Blakes singles career came to an end on a rainy Wednesday at the U.S. Open. Ivo Karlovic of Croatia fired 38 aces past Blake to claim a 6-7 (2-7), 3-6, 6-4, 7-6 (7-2), 7-6 (7-2) victory in a match that lasted over three hours. Blakes only other first-round loss here came in 1999. "I dont know when its going to hit me. I dont think Ill be sleeping a lot tonight," Blake said. Blake announced Monday that this would be his last tournament. The 33-year-old American ended his career with 10 singles titles. He reached the quarterfinals at the U.S. Open in 2005 and 2006 and Australian Open in 2008, and also landed in the final at the Tennis Masters Cup in 2006. "Its hitting me now Im never going to have this again in my life, a teary- eyed Blake said. "That ovation makes me realize every bit of hard work is worth it." In 2004, while practicing with fellow American Robby Ginepri in Rome, Blake broke his neck when he slipped on a clay court and collided with the net post. In July of that year, his father died of stomach cancer. At the same time, Blake developed shingles, which temporarily paralyzed half his face and blurred his sight. Blake was the ATPs Comeback Player of the Year in 2005 and was named the Arthur Ashe Humanitarian of the Year in 2008. Meanwhile, defending champion Andy Murray and former title winner Juan Martin del Potro posted first-round wins on Wednesday. The third-seeded Murray cruised past French left-hander Michael Llodra 6-2, 6-4, 6-3. The reigning Wimbledon and U.S. Open titlist beat Novak Djokovic in last years final in Flushing and was a runner-up here in 2008. Murray will next do battle with Leonarddo Mayer, who took down Victor Hanescu 7-6 (7-4), 6-4, 3-6, 7-6 (7-4). Shaquille ONeal Jersey. The sixth-seeded 2009 champion del Potro snuck past Guillermo Garcia-Lopez by a 6-3, 6-7 (5-7), 6-4, 7-6 (9-7) margin in a match that lasted over four hours on a rainy Wednesday. Garcia-Lopez saved three match points in the final tiebreaker before del Potro put him away. The last time del Potro came into the U.S. Open seeded No. 6 was four years ago and he went on to capture the title. Next up for del Potro is former world No. 1 Lleyton Hewitt, who defeated American Brian Baker by a 6-3, 4-6, 6-3, 6-4 score. Hewitt, who captured the U.S. Open in 2001 and was the 2004 runner-up to Roger Federer, improved his impressive record at Flushing Meadows to 44-11. Stanislas Wawrinka, the No. 9 seed, discarded Czech Radek Stepanek 7-6 (7-2), 6-3, 6-2. The 28-year-old Wawrinka will take on Karlovic in the second round. American Rajeev Ram upset 16th-seeded Italian Fabio Fognini 6-1, 6-2, 6-2. He will play Marcel Granollers in the second round. Granollers outlasted Jurgen Zopp 6-1, 3-6, 1-6, 6-3, 6-4. No. 17 seed Kevin Anderson, No. 20 seed Andreas Seppi and No. 21 seed Mikhail Youzhny avoided the upset bug. Anderson took down Daniel Brands 7-5, 4-6, 6-2, 6-3, Seppi beat Xavier Malisse 6-3, 3-6, 7-5, 7-5 and Youzhny got past Nicolas Mahut 6-4, 6-4, 7-6 (7-4). Evgeny Donskoy cruised past 29th-seeded Austrian Jurgen Melzer 7-5, 6-3, 7-6 (7-3), while Russian Alex Bogomolov Jr. outlasted 24th-seeded Frenchman Benoit Paire 7-5, 2-6, 6-4, 5-7, 7-6 (7-5). Other first-round wins came from former Australian Open runner-up and former top-10 star Marcos Baghdatis, Peter Gojowczyk, Tim Smyczek, Alexandr Dolgopolov, Somdev Devvarman. 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