Man Utd fans plan to oppose the Glazers (Part 3)

Even the directors of this club were old then he has publicly stated that he was horrified at the time the Glazers family made an offer to buy Man Utd for $ 1,245 billion. Man Utd’s management at the time commented that the offer was “too aggressive” and “likely to harm the club”. 

But ultimately the determination of the Glazers has changed the views within the former management of Man Utd. The deal was completed despite Deloitte & Touche’s economic experts, who were hired to audit the club in the case, arguing that the Glazers’ acquisition of Man Utd had no financial significance.

“In the end, the Glazers defeated their calculations. Deloitte was not only wrong, but also the wrong kilometers, ”a source close to the Man Utd acquisition deal that day said.

After Man Utd returned to the hands of the Americans, the original fare increased sharply. Tickets for the entire season at the east side of Old Trafford Stadium have increased by nearly 30%, from $ 723 to $ 1048, from 2006 to 2009. Tickets to the east of Old Trafford Stadium for the entire current season are up to 1111 dollars.

Until now, in many forms, fans in England are still opposed to Man Utd debt must be borrowed by the Glazers to buy the club.

Debts also forced Man Utd to find a way to refinance to reduce interest rates. A bond issue of up to $ 788 million was made in January 2010, making fans more worried about the club’s financial structure.

Man Utd’s financial situation at that time was at a warning level, even the management had to consider the plan to sell off United’s Carrington training center and then rent it again. Man Utd debt peaked in the summer of 2010, nearly $ 1,226 billion. By the end of last year, the debt had dropped to $ 600 million.

The protests were largely silent, but the Glazers’ image in front of the crowd of Man Utd fans was still negative. It is confirmed that billionaire Malcolm Glazer, who died in May 2014, has never set foot in Old Trafford after his family acquired Man Utd.

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