Report: Glazer family $1.6 billion in debt

QBREES9 · 06-07-2010, 09:03 PM

http://sports.espn.go.com/nfl/news/story?id=5259694
All the extra debt comes after the Glazers borrowed extensively against their shopping mall business in the United States. The extent of the debt could fuel a further revolt by a group of United fans who oppose the Glazers' ownership.

The Glazers took over United in 2005 in a leveraged buyout worth $1.4 billion.

The BBC said it saw mortgage documents showing the Glazers have borrowed $570 million against shopping malls owned by their company First Allied Corporation. That's in addition to $1 billion in debts tied to Manchester United and $95 million to the Buccaneers.

The Buccaneers released a statement Monday trying to reassure their fans that the team is not in financial trouble.

Crusader · 06-08-2010, 01:41 AM

The Glazer family of sports tycoons bought United for about 790 million pounds in 2005 against a wave of opposition from fans. The club's debts have since swelled to about 716.5 million pounds.

Red Knights plan to buy Manchester United is on hold | Reuters

UK_WhoDat · 06-08-2010, 03:51 PM

This ain't going down well for the Man United football club supporters.

06-07-2010, 09:03 PM	#1
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,982	Report: Glazer family $1.6 billion in debt http://sports.espn.go.com/nfl/news/story?id=5259694 All the extra debt comes after the Glazers borrowed extensively against their shopping mall business in the United States. The extent of the debt could fuel a further revolt by a group of United fans who oppose the Glazers' ownership. The Glazers took over United in 2005 in a leveraged buyout worth $1.4 billion. The BBC said it saw mortgage documents showing the Glazers have borrowed $570 million against shopping malls owned by their company First Allied Corporation. That's in addition to $1 billion in debts tied to Manchester United and $95 million to the Buccaneers. The Buccaneers released a statement Monday trying to reassure their fans that the team is not in financial trouble.
	www.sportsshooter.com/johnjcoleman " Anyone can take a picture Only a Photographer can take a photograph "

06-08-2010, 01:41 AM	#2
Crusader Resident Swede Join Date: Sep 2005 Location: Märsta, Sweden Posts: 7,983	Re: Report: Glazer family $1.6 billion in debt The Glazer family of sports tycoons bought United for about 790 million pounds in 2005 against a wave of opposition from fans. The club's debts have since swelled to about 716.5 million pounds. Red Knights plan to buy Manchester United is on hold \| Reuters

06-08-2010, 03:51 PM	#3
UK_WhoDat 1000 Posts + Join Date: Aug 2003 Location: Wherever I lay my hat Posts: 3,824	Re: Report: Glazer family $1.6 billion in debt This ain't going down well for the Man United football club supporters.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Latest Blogs
2023 New Orleans Saints: Training Camp Last Blog: 08-01-2023 By: MarchingOn Puck the Fro Browl! Last Blog: 02-05-2023 By: neugey CFP: "Just Keep Doing What You're Doing" Last Blog: 12-08-2022 By: neugey