Posts Tagged ‘THE TIMES’

SHORT CORNERS – JUNE 10 : INTERNATIONAL SOCCER NEWS NOTES AND RUMORS

June 10, 2010

SHORT CORNERS – JUNE 10 : INTERNATIONAL SOCCER NEWS NOTES AND RUMORS

GLAZER DEBT CRISIS DEEPENS

The Glazer family, owners of Manchester United have fallen in to debt to the tune of $1.6 Billion, according to the BBC. This figure is $570 million more than was previously been reported.

According to the BBC report, the Glazers, who took over United in a $1.4 Billion leveraged buyout, have mortgaged their shopping mall empire in the United States to come up with the $570 million. This is in addition to the $1 Billion in debt tied to United and the $95 million the family owe in debts tied to the NFL’s Tampa Bay Buccaneers.

The Glazers have repeatedly said the will not sell the club which has a value of $1.8 Billion according to Forbes magazine, making United the most valuable football club in the world.

TICKET SALES TARGET 98 PERCENT FOR WORLD CUP

Organizers of the 2010 World Cup have released figures that indicate that ticket sales have passed 97% of the (more…)