Manchester United - Debts? You're Having A Laugh
UK time is: 00:24:34
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Debts? You're Having A Laugh

Debts? You're having a laugh. That's what most fans of other, especially lower league clubs say when you talk to them about United's debts. Yet it is a real concern - or we think so, unlike the Glazers who are satisfied by the financial situation.

Manchester United Supporters Trust claim that interest payments have risen to Ł100m a year but it has been swiftly denied by the owners.

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 last bit is certainly true. And otherwise what can we do? We must hope that they tell the truth.

Yet I feel I must make a little note here. I heard a lot of our fans talking about the Leeds situation and that we could end up like that. Well, I think it's rubbish, it's not that easy to draw parallels.

I mean no offence now (please believe me Leeds fans) but Manchester United are light years ahead of Leeds as a brand, as a marketing product. Our income from merchandising is almost astronomical, we have a huge stadium which always sells out and are always in the Champions League.

So, if debts really spiral out of control, I think the worst that could happen is that we slip back to fourth to a good distance from the top. And if we really plummet into a good, old-fashioned (or new-fashioned) financial crisis, well, I expect that there will be always some investors who would be only too happy to purchase United: after all, not a week has passed in this last year without at least one fresh takeover rumour.

Yet I think the Glazers will not sell it and won't take it into disaster. I don't like them and their automatic cup ticket scheme just STINKS but I can't imagine that they would mess it up completely.

Click here to join in the debate on the club forum.

Join the Vital Fantasy Football League - its Free!

The Journalist

Writer: Zae Mail feedback, articles or suggestions

Date:Sunday September 9 2007

Time: 4:52PM

Your Comments (oldest first)

Change to most recent first
Report Abuse
09/09/2007 17:24:00

There is no comparison to Leeds, and I think ManU are in a strong position to service these debts despite a 100M annual outflow. But it should certainly be a concern for fans, as this is money that could be spent on the squad, or elsewhere, for the benefit of the club, rather than suffer due to poor re-financing deals.
Report Abuse
09/09/2007 17:37:00

That's what happens when you borrow to buy! Unlike our rich gaffer whose loaded!
Report Abuse
11/09/2007 19:31:00


Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Manchester United Articles

Wilson Joins Brighton! (Friday November 27 2015)

You`re Supposed to be a Role Model! (Thursday November 26 2015)

Our Style Restricts Freedom! (Thursday November 26 2015)

Van Gaal - A Divisive Figure? (Thursday November 26 2015)

Coral Daily Download (26/11/15) (Thursday November 26 2015)

Archived Manchester United Articles

List All Vital United Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

Vital Members League (view all)

League Table (view table)

Team P W D L GD Pts
1. Leicester City 13 8 4 1 +8 28
2. Man Utd 13 8 3 2 +10 27
3. Man City 13 8 2 3 +14 26
4. Arsenal 13 8 2 3 +12 26
5. Spurs 13 6 6 1 +13 24
6. West Ham 13 6 3 4 +4 21
7. Everton 13 5 5 3 +8 20

Manchester United Fixtures (view all)

Breaking League News

Analysis - Possible Formations - Liverpool vs Swansea City
Swansea : 27/11/2015 22:37:01
Liverpool: Latest Sturridge Setback Not Serious
Liverpool : 27/11/2015 21:17:00
Pulis Previews West Ham Clash
WBA : 27/11/2015 19:27:01
Liverpool: Klopp 'Very Happy' With Europa Progress
Liverpool : 27/11/2015 19:21:01
Flores & Deeney Talk Villa
Watford : 27/11/2015 19:17:01

Current Site Poll (view all polls)

Leicester v Manchester United?
Suggested By:  Red Boy
Home win! 100%
Away Win! 0%
Score Draw! 0%
0-0 Bore! 0%