Manchester United’s Glazer Family Will Pay Off £220 Million In Loans

While any time a loan is eliminated equals a step forward, at least financially, the manner in which the Glazer family is proceeding with the atonement simply comes as a shock to supporters and onlookers. Private funds, not club assets, will be used by the Glazers to come good on the debt.

The BBC’s David Bond has described the recompense of the payment-in-kind loans (PIK) as ‘potentially removing a debt time bomb which was ticking away under Old Trafford’. While no one in the football world believes the news of the Glazer debt repayment as negative or a step in the wrong direction, the mysterious acquisition of funds has definitely raised an eyebrow or two. Simply stated, no one knows where the Glazers are getting this kind of cash from when the club continues to struggle financially.