Manchester United's owners are committed to continuing to invest in player signings, potential investors have been assured.
One fund manager at the roadshow, which continued in the City of London today and will move to continental Europe and then to the US next week, said that Gill promised to continue investing in the squad. The offer document reveals that a new £75m credit facility, in addition to the existing £700m debt pile, will be used to help fund player transfers.
"I'm naturally cynical about the Glazers in that I think they have put too much debt into this company," Phil Milburn, a high-yield fund manager at Aegon Asset Management, told the Guardian. "But I am confident they have the sense to maintain a decent enough squad to maintain on-pitch performance. Are they going to spend the same amount on players as Man City? No. But will they pay for some players? Yes."
"The main thing is to make sure they keep performing on the pitch. Business-wise, they know they have to otherwise it slowly but surely starts to unravel on a long term basis. I think they will invest. I'm pretty sure they won't invest as much as their neighbours, but they will invest otherwise the whole thing unravels."