Manchester United paid a total of more than 1 billion pounds for interest, which was derived from debt to the club accumulated the Glazer family when they ended up taking over in 2005.
Malcolm Glazer, the late father of the American family who has been united for almost two decades, borrowed money against the club to secure the purchase purchase. This approach allows the investor to buy u in a very few of his own capital but does wood club with a huge debtwhich can become very expensive when they reach interest payments.
In almost 20 years since the download ended in June 2005, Manchester UnitedThe total net cost of interest on debt went to a whopping £ 1.06 billion, by journalist Kieran Maguire. This season alone, the club has spent £ 37m on these decayed payments.
Glazer SR used this low-risk assumption strategy for a pile of real estate in Rochester in New York in the 1950s, brancing himself from a job with guards who took over only 15 years old when his father died at once.
Interest payments are not the only editions associated with glazers. Six brothers and sisters who divided their shares between them after their father’s passing have brought more than £ 150m in the form of dividends over the years.
These controversial payments, together with expensive decades, have encouraged a permanent storm of Fanbase. “Warning”, the flag of a fans decorated with skull and crossing it read in 2005, “using MUFC may result in serious damage to your health. “Ultimately, United health was severely damaged.
Outside Glazer, the latest united accounts have discovered many more unburdened expenditures. IN The club scored £ 21m After the release of Erika Ten Hag -ai engaging Ruben’s amomers this season. There were also £ 4.1 million diverted to the release of Dan Ashworth sports director, which lasted only 159 days at the club.
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