Manchester United has paid a total of more than 1 billion pounds for the interest rates generated by the Club debt by the GLAZER family when they completed their taking office in 2005.
Malcolm Glazer, the late father of the North -American family, who has directed United for almost two decades, raised money against the club for a lever purchase. This approach allows the investor to put very little capital on a purchase but do Forge the club with a huge debtwhich can be very expensive when payments of interest occur.
During almost 20 years since the end of taking office in June 2005, Manchester UnitedTotal debt net interest cost has increased to an impressive 1.06 million pounds per journalist Kieran Maguire. Only this season, the club has spent £ 37 million on these parallel payments.
Glazer Sr used this low -risk acquisition strategy to accumulate properties in Rochester, New York, in the 1950’s, which stood out of the watch repair business that he took only 15 years old when his father died of suddenly.
Payments of interest are not the only results related to the GLAZERS. The six brothers who divided their actions to each other after their father’s passage have collected more than 150 million pounds in the form of dividends over the years.
These controversial payments, together with an expensive debt, have caused a fury outburst of fanbase for decades. “Warning”, the flag of a fan was stored with a skull and crossing -when reading it in 2005 ” Muffic Can cause serious damage to your health. “U.S. health is ultimately more seriously damaged.
Outside the Glazers, the last accounts of the United States have revealed many more carefree expenses. It The club exceeded £ 21 million In shooting Erik Ten Hag I hired Ruben Amorim this season. It also diverted 4.1 million pounds to the sacking of the sports director, Dan Ashworth, who lasted only 159 days at the club.
