MANCHESTER, England: Manchester United manager Alex Ferguson defended owner Malcolm Glazer on Friday, a day after the club reported a debt nearing US$1 billion.
Glazer restructured payments of the loan to buy the club two years ago, which took $66.9 million annually out of United's profits, according to the 2007-08 financial report revealed Thursday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!