Bet now with totesport - Free £25 bet!

Tuesday, January 24, 2006

Greg Dyke on United debt

"Manchester United was always incredibly well run. They built that whole ground out of hard cash flow. They had no debt until Mr Glazer decided to buy it and stick so much debt on it. The club didn't need it as it didn't have any debt but now it is saddled with a phenomenal amount. If you suddenly don't get into the Champions League, the economics of it don't work. The club didn't take the risks - it was the Glazers who took the risks. I was at Manchester United in the years that they won almost everything. I was there when Rupert Murdoch tried to buy it and I was largely the one person who opposed it. I think Manchester United didn't need Sky any more than it needed the Glazers."


Post a Comment

<< Home