WHAT THE PAPERS SAY

WHAT THE PAPERS SAY

The extracts on this page are taken from selected national newspapers. The views expressed here do not necessarily reflect the views of Manchester United.

Papers: Number crunching

12/01/2010 11:06

Glazers tackle United debt mountain
There is no expense spared for Manchester United these days. On Sunday, the first-team squad escaped the icy north-west of England and flew off to Doha for a four-day training camp, avoiding at the same time a crucial moment in the club’s financial fortunes. The £500m ($806m) bond issue announced on Monday by the club potentially marks the moment when the Glazers, the US sports franchise owners who bought Manchester United in a £790m leveraged buy-out in 2005, began to look at the club’s finances to help address the debt burden piling up on the family’s balance sheet.
Roger Blitz and Anousha Sakoui, Financial Times

While there is widespread reaction to United's decision to issue the £500m bond and to the financial results of Red Football Ltd, there are other stories - for example, a link with Benfica winger Angel di Maria. The Daily Mail claims "United have offered £12m plus winger Nani for the Argentinian, while Chelsea sporting director Frank Arnesen has been to see him in action. Inter also watched him on Sunday and are now preparing an offer."

The Manchester Evening News runs Darren Fletcher's vow not to lose the competitive side of the game, despite his dismissal against Birmingham City. You can read the quotes in our Football News story.

Round Up By M Nichols, A Bostock

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