Manchester United chief executive David Gill defends Glazer family against Red Knights

16 March 2010 10:04
Critics of the Glazers point to the dangers of the debt that has been loaded on to the club during and since the 2005 takeover and the possible consequences for player recruitment.

Gill, however, believes such critics are ill-informed and believes the current owners have a 'sensible business strategy'.

 Related ArticlesCharlton: I'm glad Beckham had United farewellBerbatov backs Rooney to break Ronaldo's recordMan United 3 Fulham 0Calderon: Real 'obsessed' with signing RooneyRio Ferdinand adopts new training regimeFerguson warms to battles ahead''People presuppose we have financial problems,'' he said. ''We do not believe that is the correct situation.

''We are very comfortable and we have a sensible business strategy that will continue for many years to come.''

It has been argued by Keith Harris, a leading player in the Red Knights group, that player sales will become inevitable as the interest on PIK notes taken out by the Glazer family begins to bite.

Yet Gill insists the Glazers are totally aware that Manchester United can only carry on being attractive commercial partners if Sir Alex Ferguson is allowed the finances to maintain a successful team.

''We fully understands what happens on the pitch has a real effect on what happens off it,'' he said.

''Over the years, since the Premier League came into existence in 1992, we have had sustained success under Sir Alex Ferguson with the great players he has coached and managed.

''It has produced significant financial returns that have been reinvested back into the team; the ground, the training ground and also the players - both in terms of new ones and new contracts for existing ones.''

Source: Telegraph