Glazers set to pay off £220m PIK debt

The Glazer family are about to astound their critics by paying off their controversial £220m (€260m) payment-in-kind notes without using money drawn from Manchester United.

Glazers set to pay off £220m PIK debt

The Glazer family are about to astound their critics by paying off their controversial £220m (€260m) payment-in-kind notes without using money drawn from Manchester United.

Co-chairman Joel Glazer has issued a ’voluntary free-payment notice’ to the lending houses that stumped up the loan confirming it will be paid off in full.

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