Source: Eurosport
Fergie Happy With Glazers' Support
Sir Alex Ferguson has defended the Glazer family after the latest financial statement from Manchester United's parent company revealed debts of almost £650million.[LNB]Sections of the Old Trafford support opposed to the Glazers have seized on the figures as evidence of a club in crisis.[LNB]However, Ferguson has never had any complaints about the Americans, who have backed him in the transfer market and have stayed out of the spotlight.[LNB]And, while he accepts debt was a major factor in the Glazer buyout almost four years ago, the United boss does not feel anything is likely to change as a result of Thursday's announcement.[LNB]"Their support has never changed," said Ferguson.[LNB]"I do not know what these figures tell you.[LNB]"There has always been debt since Malcolm Glazer took over the club. Most buyouts are like that.[LNB]"But there is no change as far as I am concerned."[LNB]For all the criticism their financial structure has attracted, the Glazer family have never given any indication they are concerned at the amount of debt hanging over United.[LNB]The Red Devils still return vast profits on their business dealings, with wages still well under 50% of turnover.[LNB]
