Fresh fears over United's rising debt

Manchester United’s anti-Glazer faction fear huge sums of cash are going to be heading out of Old Trafford following a steep rise in the interest rates on controversial payment-in-kind notes raised to complete the family’s takeover in 2005.

Apparent failure to meet set terms laid down in the PIK loan agreement by August 16 meant that the interest rates have shot up from 14.25% to 16.25%.