The Glazer family's decision to sell a stake in Manchester United to Sir Jim Ratcliffe has raised concerns about the club's debt as they consider rebuilding Old Trafford.
Building a new stadium is expensive. That is a key factor behind the Glazer family’s decision to sell a 25 per cent stake in Manchester United to Sir Jim Ratcliffe — the British billionaire and founder of petrochemicals giant INEOS — in February after a year-long negotiation. The cost to rebuild Old Trafford has been estimated at £2billion ($2.5bn) and a by the club to discuss, among other things, where that money is going to come from.
As part of that, United fans are going to have to come face-to-face with a word that has haunted them ever since the Glazers completed their leveraged takeover in 2005: debt. For those of you who need reminding, United were debt-free before the Glazers completed their takeover in 2005. The club now owe £653.3million and have spent £772.5m in interest charges, while the Glazers also took annual dividend payments — totalling more than £150m — between 2016 and 202
Manchester United Glazer Family Debt Old Trafford Stadium Rebuild Stake Sir Jim Ratcliffe
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