Manchester United debt hits 716m

Published : 20 Jan 2010 21:49:34

Debts at the parent company of Manchester United have increased to £716.5m ($1.17bn), according to its latest accounts.Red Football Joint Venture is owned by the Glazer family and secures its debts against the football club. The accounts, for the year to June 2009, show United's debts passing £700m for the first time. They also confirm that six of Malcolm Glazer's children were each given loans worth £1.67m from the parent company. All are directors of Red Football, and such a practice is .... read more