Why Glazers are the problem THREAD (cc @TheAthleticUK)

Part 1/3
- Bought club on leveraged buyout by taking loan out on club’s assets
- Did not pay a single penny of own £ & Saddled club w/ £790m debt
- Utd been debt free for 75 years (since 1931)

Part 2/3

- Glazers taken nearly £200m in dividends/payouts since takeover
- Joel Glazer only sanctions signings when convinced he sees VALUE (what is value to them?!)
- At it’s highest, interest payments on debt were £60m per year

3/3:

- Wanted to rebuild OT when they took over but now don’t see financial sense in revamp
- Glazers ownership has cost Utd £1.5bn in interest, debt & dividends
- ManUtd Supporters Trust - ‘no owner in history of football in any country, ever has take so much from from a club

This cannot carry on. A club of Utd’s stature and commercial strength should be competing financially with the Bayern’s, Real, Barca’s, chelsea/City of the world not the Leicesters

#GlazersOut #WoodwardOut #MUFC

RT please