Tuesday, January 12, 2010

Glazer family takes £20m in fees and loans from Manchester United


Manchester United's owners, who loaded the club with more than £700m in borrowings to fund their purchase, have taken £10m out of the club in "management and administration fees" and have personally borrowed a further £10m in the past year, it has emerged.

How the Glazer family have milked debt-ridden United for millions.

United are currently training in Qatar...

2 comments:

Bobbie BS said...

This should come as no surprise- the whole point of a leveraged buyout is to extract profit for the parent company from the leveraged company. I didn't hear any Man Utd fans crying when they started selling shares publicly and using the money they raised to win everything in sight.

Unknown said...

They have branches in five states - California, Colorado, Idaho, Nevada and Washington. Its first branch opened in 1983 in Renton, Washington. for more information about 30 Day Loans


visit
http://www.30dayloans.me