Glazers ‘loaded debt’ onto Manchester United
The flotation of Manchester United on the New York Stock exchange was a "missed opportunity", fans believe.
The shares on sale represent 10% of the club, which will raise $233m (£150m) and some will be used to pay off debt - with the rest going to the club's US owners.
But there are no dividends and there is no transparency, according to Duncan Drasdo, chief executive of the Manchester United Supporters Trust, who accused the Glazers of loading debt onto the club.
He said the Glazers would make money from the deal but the club would not, and "what we'd really like to see is the whole club up for sale".
10 Aug 2012
- From the section Business