Originally posted to Maple Lions
While the Red Devils relish a well-earned victory today over the EPL's Légion Étrangére, disturbing events are unfolding on the financial side:
An upcoming report on BBC's Sport on Five features the first UK interview with Malcolm Glazer:
"... in which Glazer refers to Manchester United as a "franchise" twice and refuses to answer United fans' concerns about the future."
Football365 reports that the Glazer clan may have already begun fulfilling prophecies of their stripping Old Trafford of its riches:
Sir Alex Ferguson's transfer kitty is unlikely to be boosted by the club's record-breaking four-year, £56.5m sponsorship deal with the insurance giant American International Group (AIG).
The deal was confirmed amid much fanfare at Old Trafford on Thursday. Yet for all the jubilation and mind-boggling sums, the bottom line is that Ferguson may still have only as little as £20m to spend this summer.
Rather than boost Ferguson's transfer coffer, the proceeds of the AIG deal will be used by the Glazer family to pay off parts of the reputed £300m they borrowed to buy the club last summer.
A great football institution like Man U deserves better than the gruesome Glazer gnomes.
Paul Canniff
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Comments (1)
I think this is what most M... (Below threshold)1. Posted by martin | September 5, 2006 5:57 AM | Score: 0 (0 votes cast)
I think this is what most Man Utd fans feared.
A slow asset stripping of the club.
1. Posted by martin | September 5, 2006 5:57 AM |
Score: 0 (0 votes cast)
Posted on September 5, 2006 05:57