Ferguson defends Glazers despite Uniteds 650m loss

Published: 10 Apr 2009 - 21:57:53

Rss feed

Ferguson defends Glazers despite Uniteds 650m loss

Support: Ferguson Manchester United boss Sir Alex Ferguson has defended the Glazer family after the latest financial statement from the club's parent company revealed debts of almost £650million. Sections of the Old Trafford support opposed to the Glazers have seized on the figures as evidence of a club in crisis. 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. 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 yesterday's announcement. 'Their support has never changed. I do not know what these figures tell you. There has always been debt since Malcolm Glazer took over the club. Most buyouts are like that. 'But there is no change as far as I am concerned,' said Ferguson. 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. The Red Devils still return vast profits on their business dealings, with wages still well under 50 per cent of turnover. Rooney insists season will be a failure if United relinquish Premier LeagueUnited target the latest sensation to emerge from the talent in BrazilMANCHESTER UNITED FC