Friday, October 30, 2015
A MYSTERY PARTY OF INVESTORS ARE WILLING TO PAY OVER TWO BILLION POUNDS FOR MANCHESTER UNITED.
A group of mysterious Chinese investors are now willing to jointly invest over two Billion pounds in the stake of the club. In the year 2005 the late American Mr Malcolm Glazer did buy Manchester United , what people must remember here is he took a big loan and then bought out Manchester United, so the money was not belonging to The Glazer it was all Bank money , so naturally there was big debt and it once stood at a very huge 700 million pounds , but it has reduced now, but all the same the Glazers pay a yearly interest you see. Now the Chinese consortium of business people have already spoken to the Glazers so let us see what will happen, but just let us not get to excited here it may all fizzle out as well. Well today the Manchester United debt stands at 380.5. Million Pounds.