19-01-2010, 07:37 AM
More bad news filtering into the papers. This was in the Sun today:
According to The Sun, the Glazer family has asked Manchester United's stars to dig into their pockets and contribute some cash to the club's dwindling coffers.
It is well known now that the Red Devils are desperate to wipe out their debts, with the owners presently in the process of gathering together £500 million via bond issues.
The Americans have also published a prospectus for potential investors, which stated that the club may be forced to sell off the Carrington training complex or even Old Trafford to make ends meet.
Now it has come to light that the United players and staff were among those to receive that revealing booklet, much to their bewilderment.
"The players don't know what to make of it, really," an anonymous source is quoted as saying.
"Most are bemused that the people who pay their wages are basically trying to find out if they can have some back.
"A few of the lads know a good investment when they see one, but not too many seem prepared to put their money where their mouths are!"
Source: Goal.com (I can't view the Sun from work!!)
I guess that this maybe isn't so bad as them asking the players for a wage cut, etc. but is asking them to loan the club money, as an option to maybe make a little bit extra in a few years. I guess the only positive I can take from that is that if any player should take the option, then at least they have a stake in the club and it is in their interests for it to do well? Still, it doesn't sit well, does it?
According to The Sun, the Glazer family has asked Manchester United's stars to dig into their pockets and contribute some cash to the club's dwindling coffers.
It is well known now that the Red Devils are desperate to wipe out their debts, with the owners presently in the process of gathering together £500 million via bond issues.
The Americans have also published a prospectus for potential investors, which stated that the club may be forced to sell off the Carrington training complex or even Old Trafford to make ends meet.
Now it has come to light that the United players and staff were among those to receive that revealing booklet, much to their bewilderment.
"The players don't know what to make of it, really," an anonymous source is quoted as saying.
"Most are bemused that the people who pay their wages are basically trying to find out if they can have some back.
"A few of the lads know a good investment when they see one, but not too many seem prepared to put their money where their mouths are!"
Source: Goal.com (I can't view the Sun from work!!)
I guess that this maybe isn't so bad as them asking the players for a wage cut, etc. but is asking them to loan the club money, as an option to maybe make a little bit extra in a few years. I guess the only positive I can take from that is that if any player should take the option, then at least they have a stake in the club and it is in their interests for it to do well? Still, it doesn't sit well, does it?