Glazers Deny United Debt Problems

Manchester United’s US owners the Glazer family have dismissed a report by the
Manchester United Supporters Trust that claims that debts at the club are
spiralling out of control.

Research by the fan group states that the club’s interest payments have risen
to over £100m as a result of the loan the Glazers took out to purchase
Manchester United.

‘The story is inaccurate,’ said a spokesman for the Glazer family. ‘Nothing
has changed. The debts continue to be comfortably serviced by the business,
which is performing better than ever. As always there have been substantial
funds for the manager to purchase players over the summer.’

The Glazers completed a £790m takeover of United in 2005 and they recently
denied they were going to sell the club after reported interest from buyers in
China and Dubai.