Thursday, February 13, 2020
IT IS FIFTEEN YEARS SINCE LATE MALCOLM GLAZER PURCHASED MANCHESTER UNITED.
It is now 15, fifteen years since late Malcolm Glazer purchased Manchester United.
Manchester United was purchased by Malcolm Glazer for a total loan deal of 970, nine hundred and seventy million pounds.
So in other words a huge sum of Manchester United's profit is wasted in paying the bank huge sums of interest money. And until the club can b pay up the entire loan deal , legally speaking the Manchester United club is the property of the bank and not the Glazers.
And added to he huge sum of money paid as interest the three brothers Joel, Avram and Bryan Glazers and a sister are getting a few million pounds each as they are all on the board as Chairman and so on of Manchester United.
Early thoughts were that the Glazers would milk Manchester United and send the money to the U.S.A but this was all unfounded.
But he Glazers do not turn up at Manchester United like the Chelsea owner and the Liverpool owners do visit for matches. But as he has been refused a isa to be in England he does not visit the club.
Before the sale of Manchester United was done and dusted, Eric Cantona , told Malcolm Glazer to buy COCO COLA Instead
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