My tribe

Glazers know Man Utd debts hurting transfer market plans

Manchester United are ready to boost manager David Moyes with a major transfer spending spree.

The Mail on Sunday says United's owners are rushing to raise up to £250million through the issue of shares and could make the move as soon as February.

Football finance expert David Bick, of Square 1 Consulting, said: "The Glazers haven't made this filing to hang around. While Sir Alex Ferguson worked wonders over the last few seasons, the club urgently need to raise this money to reinforce the club, which many observers believe are in early stages of decline.

"They can't compete with the likes of Manchester City and Real Madrid in the transfer market without spending massive amounts of money and they can't do that until they dramatically bring down the debt. While on the commercial side they are doing brilliantly, the money is being swallowed up by the massive charges."

 For breaking stories and all the great banter like us on Facebook: facebook.com/tribalfootball

About the author

Tribal Football Staff

Have your say
  • Add your favourite leagues and clubs
  • Build your own personal news stream
  • Easily share your favourite stories
  • Connect with what your friends are saying

Select your favourite
leagues and clubs
to get started.

Already part of MyTribe?