No United ‘meltdown’

A LEADING analyst yesterday tried to allay fears that Manchester United, under Malcolm Glazer, are heading for a financial meltdown similar to Leeds.

Wed, 25 May, 2005 - 01:00
Ken Gaunt

The Yorkshire club’s debts spiralled to £103m, leading to a fire sale of players and eventual relegation from the Premiership.

Glazer’s formal offer document displayed a succession of steepling interest charges taking the approximate overall cost of a £265m loan to £570m.

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