Glazer: I'm borrowing £265m to buy United

US sports tycoon Malcolm Glazer today said he was borrowing £265m (€388.9m) to fund his takeover of Manchester United.

Fri, 13 May, 2005 - 16:33

US sports tycoon Malcolm Glazer today said he was borrowing £265m (€388.9m) to fund his takeover of Manchester United.

Details emerged as the multi-millionaire unveiled terms of his £790.3m (€1.16bn) offer, including a pledge to stick by current management, players and supporters.

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