American owners of Manchester United, said Tuesday they have withdrawn money from the Premier League club to finance the repayment of loans at high interest.
The Glazer family said that lenders pay 220 million pounds ($ 353 million) of debt by November 22 which was used to fund their takeover in 2005. But we do not know where the money comes from.
The loans, which carry an interest rate of 16.25 percent, has been a focus of anger from fans against Glazer since their leverage.a
In the latest round of financial results Tuesday Glazer has not confirmed the repayment of the loan, but said they did not withdraw funds from the club.
"The Council notes the recent press speculation. The Council can confirm that there was no cash return of the club," a statement said board. groups of supporters want to know how Glazer is financing the loan repaid.
No comments:
Post a Comment