18-03-2010, 07:43 PM
Manchester United chief executive David Gill has rejected claims the club are financially unstable.
United's owners, the Glazer family, have been criticised for plunging the Premier League giants into massive debt, with pressure mounting on the American moguls.
The Red Knights, a group of wealthy investors hoping to take over the club, had suggested that United were now working to an unsustainable business model and faced financial meltdown if they continued to operate in such a manner.
However, Gill insists that is not the case and has sought to reassure supporters that the club are in safe hands.
"People presuppose we have financial problems," he said in The Independent.
"We do not believe that is the correct situation. We are very comfortable and we have a sensible business strategy that will continue for many years to come."
Gill has also denied that the debts incurred by the Glazers will impact on the playing side of the club, promising that any money generated from continued success on the field will be ploughed back into Sir Alex Ferguson's first-team plans.
"We fully understand what happens on the pitch has a real effect on what happens off it," he added.
"Over the years, since the Premier League came into existence in 1992, we have had sustained success under Sir Alex Ferguson, with the great players he has coached and managed.
"It has produced significant financial returns that have been reinvested back into the team, the ground, the training ground and also the players; both in terms of new ones and new contracts for existing ones.
"We are lucky to operate in a sport that produces those results. Our history and heritage means we can bring a lot to the table."
He added: "There is also a professionalism about us, so, while we are in an economic downturn, we are one of the quality partners big entities can still associate with."
Source: skysports.com
United's owners, the Glazer family, have been criticised for plunging the Premier League giants into massive debt, with pressure mounting on the American moguls.
The Red Knights, a group of wealthy investors hoping to take over the club, had suggested that United were now working to an unsustainable business model and faced financial meltdown if they continued to operate in such a manner.
However, Gill insists that is not the case and has sought to reassure supporters that the club are in safe hands.
"People presuppose we have financial problems," he said in The Independent.
"We do not believe that is the correct situation. We are very comfortable and we have a sensible business strategy that will continue for many years to come."
Gill has also denied that the debts incurred by the Glazers will impact on the playing side of the club, promising that any money generated from continued success on the field will be ploughed back into Sir Alex Ferguson's first-team plans.
"We fully understand what happens on the pitch has a real effect on what happens off it," he added.
"Over the years, since the Premier League came into existence in 1992, we have had sustained success under Sir Alex Ferguson, with the great players he has coached and managed.
"It has produced significant financial returns that have been reinvested back into the team, the ground, the training ground and also the players; both in terms of new ones and new contracts for existing ones.
"We are lucky to operate in a sport that produces those results. Our history and heritage means we can bring a lot to the table."
He added: "There is also a professionalism about us, so, while we are in an economic downturn, we are one of the quality partners big entities can still associate with."
Source: skysports.com