What Chance For Rest Of Us - Man Utd In Serious Debt Problems!

Last updated : 09 September 2007 By Footy Mad - Editor
The Glazer family have strongly denied that Manchester United's debts are spiraling out of control.

A report from the Manchester United Supporters Trust, due to be released on Monday, claims that the club's interest payments have increased by £28million this year.

It also claims that increased TV revenue and money from a new shirt sponsorship deal with AIG is being used to service debts.

But a Glazer family spokesman this morning dismissed the report saying:

"The story is inaccurate. 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 Glazers completed their £790m takeover in 2005.

United fans have been hit with a 14% rise in ticket prices this season.