Manchester United’s gross debt is a staggering £725 million.
The Premier League giants for sale revealed their third quarter figures yesterday, taking a record £521.5m from buybacks raised by the Glazer household, along with £203.7m of loans. .
The determine is the best since 2010 for a similar monetary year period, and it comes as frustration grows among the mass membership segments, which indicate a lack of progress, as Americans introduced last November that they have been looking for funding or a sale. . .
On Tuesday, a crowd of disgruntled supporters turned up at the Old Trafford members’ shop to protest against the Glazers and demand a complete sell-out. They have timed their departure, which happened without incident or arrest, to coincide with the launch of United’s new home package.
Attendees held up anti-Glazer banners and blocked store entrances, although some followers wanting to buy Lancashire Rose-inspired shirts were directed to separate entrances.
Man United posted a staggering £725m in gross debt in third quarter results (Photo: Co-Chairmen Joel and Avram Glazer)
On Tuesday, protesters gathered at the membership store to clarify their displeasure with the property
Despite final offers expected on April 28, neither Sir Jim Ratcliffe (left) nor Sheikh Jassim bin Hamad Al Thani are any closer to taking over Old Trafford.
Dubbed The 1958, the band say they’ve reached their level, including: “(The protest) was about sending a message and bad optics for the property worldwide. The focus is on fans’ disdain for Glazer’s downfall, not the release of a blatantly overpriced set .
Elsewhere in the financial report, United said it expects turnover of between £630m and £640m this year, which would be a club record.
The figure is up on previous forecasts and comes on the back of record attendances and match-day revenue generated last season as Erik ten Hag reached Champions League football, reached the FA Cup and Carabao Cup finals and reached the quarter-finals of the Europa League.
On days off this season, signs protesting the Glazers’ tenure have been almost fixed
In all, they bought 2.4 million tickets for the marketing campaign, which was a membership report, they usually have 360,000 members, which they say is the largest paid membership in sports on the planet. Season tickets for next season were snapped up at the time of the report, with United claiming to have a record 146,000 ready.
The above could be why Glazer appears to be biding his time on offers from Qatari Sheikh Yassim bin Hamad Al Thani and British billionaire Sir Jim Ratcliffe. Despite the final bid deadline of April 28, no top contenders were chosen on the final night, with the brand new season less than seven weeks away.
The Glazers are believed to be looking for around £6bn and while each bid is north of £5bn, settlement remains elusive.
As previously reported by Mail Sport, Ten Hag’s finances are around £120m, largely affected by fair play guidelines, and would not change significantly in the event of a takeover.