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by Our Sports Desk
The Glazer family were yesterday accused of draining £1 billion from Manchester United and wrecking the club’s chances of dominating Europe.
The Manchester United Supporters Trust (Must) chose the 10-year anniversary of the Glazers’ takeover to launch a fresh attack on the US family.
The Glazers’ £790m leveraged buyout of United in 2005 caused uproar among the club’s fans and sparked the creation of breakaway club FC United.
Ten years on, Must is still unhappy about the way the family borrowed against the club to finance their takeover.
“Not investing a single penny might be considered an ‘ownership crime’ by fans at most clubs but far worse than that they (the Glazers) have actually extracted colossal sums from Manchester United,” Must said.
“When all interest and charges on their leveraged buyout is added up, plus money they’ve paid themselves, plus related debt still on the club, they’ve taken more than £1bn and it’s still rising.
“No owner in the history of football in any country, ever, has taken so much money from a club.”
Must said the Glazers had “botched” the appointment of Alex Ferguson’s successor and that of chief executive David Gill.
The fans’ group did admit its relationship with the club had improved over the last two years, though.
“Despite the huge damage inflicted over the last 10 years things are undoubtedly beginning to look positive again in 2015,” MUST said.
“Relations between fans and the senior management team have improved vastly in the last two years with genuine dialogue and regular meetings established.
Manchester United refused to comment on Must’s statement.