Glazers, Bond Issue and Debt

[DaleDaManc]

Well were getting new sponsour soudi telecom indian company mmm wonder is there anything happen

[Noucamp99]

New sponsor is AON. Telecom company reported in financials yesterday already on board as club partner.

[DaleDaManc]

so will we get there money?

[Noucamp99]

We already got the Saudi Telecom money. The new sponsor will bring a couple of million, but that's probably already earmarked for the Glazers back pockets!

[Hyltz'.]

We just need to get rid of the leeches.
--
Duncan Drasdo
CEO, MUST - the Manchester United supporters' trust www.joinmust.org

It is being reported in the press that 'The Glazers' have borrowed from Red Football Limited (just one of their United Companies) the sum of £10m in personal loans. Why they needed this money was not stated.

The loans had been split £1.6m to each of the 5 sons and 1 daughter.
The Management fees and Consultancy Agreement Maximum came to another £12.9m and so in total 'The Glazer Family and their associates have had from us £22.9m in the 4 years since the takeover.

However it must be said that they are also reported as having taken NO salary since the takeover either. - (Well they wouldn't need to would they ?)
The full article can be read HERE.

[Noucamp99]

Yes. I posted similar in other thread. Maybe we need to try to merge these 2 threads?

https://manutdpeople.com/Thread-Glazers-Rip-Off-United

[Hyltz'.]

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Sorry NC99, my bad - I didn't see your post.


Hyltz'.

[DaleDaManc]

We need a buyer! i herd the Glazers wont sell!

[Noucamp99]

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Sorry NC99, my bad - I didn't see your post.


Hyltz'.

No worries mate. I think we need to merge the threads. Steve: Can this be done, or do we close one and continue with t'other?

[Phil-M.U.F.C.]

f**k we've gotta do something. We're heading down a bad road.