It’s always a concern when you hear about football clubs crippled with debt. We know that better than most as Manchester United fans following 18-years of the Glazers having complete power at the club.
Malcolm Glazer gradually increased his shareholding at Manchester United following his acquisition of John Magnier and J.P. McManus’s 28.7% stake in May 2005, which pushed his own up to around 57%. Most of the capital used by Glazer to purchase United came from loans, the majority of which were secured against the club’s assets, with gigantic interest payments.
Every United fan has their view on what happened and how it happened. Some feel Ferguson had his hand to play in it all, or that he could’ve helped prevent it, but the…
