Debt reaches £716.5M
Manchester United’s debt has risen over £700 million for the first time, latest figures show.
Red Football Joint venture Ltd, owned by the Glazer family, reported that the overall debt of the club has grown to a staggering £716.5million!
Despite winning the Premier League, winning the Carling Cup, winning the FIFA Club World Cup, getting to the Champions league final AND selling the best player in the world for a world record £80million, United still went further into the red as the Glazer’s financial plan unravels.
A Glazer spokesman insists the debt has no bearing on how the club is run.
“The club has a £50million surplus to work with once the interest payments have been made.”
Tell that to the millions of United fans around the world who know the truth.
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January 20th, 2010
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