The club has been saddled with debt since the leveraged takeover in 2005 but the owner insists it does not affect plans to sign big-name players
Manchester United co-chairman Joel Glazer has defended the club’s level of debt and dividend payments to the owners and insists it has no impact on transfers.
The Glazer family have been heavily criticised during their 16 years in charge and one of the reasons is that their leveraged buyout of the club in 2005 landed the club with millions of pounds worth of debt.
In addition to that, they have continued to pay themselves dividend payments worth over £100 million during their tenure of ownership, but Glazer defended their actions to supporters at a Fans’ Forum meeting last week.