Football

Manchester United spend £585m to sustain the Glazer regime

Published Add your comment

Football News
24/7

Manchester United fans will be alarmed to learn that keeping the Glazer family in control at Old Trafford has cost the club an incredible £585m over the last nine years, according to The Times.

United and every other club that competes in continental club competitions are currently under huge scrutiny from UEFA, as they investigate potential breaches in their new financial fair play regulations, but despite a truly shocking outlay the Red Devils are highly unlikely to face sanctions this summer.

Sports mogul Malcom Glazer's acquisition of the club in 2005 has caused widespread anger amongst United fans over the last decade, with a $1.4b deal seeing the American tycoon borrow against United's assets and send their value through the roof thanks to strong commercial deals in a particularly prudent deal.

Chief football correspondent at The Times Oliver Kay penned a study of the vast differences in approach to FFP implemented by United and noisy neighbours Manchester City, highlighting that when you combine interest payments on astronomical loans, bond buybacks and other debt management fees the Galzers have cost United an extra £585m.

The sight of green and gold scarves at Old Trafford as a visible protest against Glazer ownership may be a distant memory, but United fans have plenty of reason to still hold huge reservations about the financial model their club is being run by, particularly with big plans afoot for spending on new players this summer.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms

Topics:
Football
Manchester United
Premier League

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again