According to the Forbes rich list that was released only yesterday, Manchester United owners “Malcolm Glazer and Family” have a net worth of $2.4billion and lie in joint 400th place as the World’s richest, having built an empire through sports teams and real estate.
With Manchester United laden with debt brought on by the purchase of Manchester United, fans will be furious that whilst a Manchester United owner sits on $2.4billion, the Old Trafford club have to face debts up to a reported £700m.
Fans of Manchester United have already vented their anger on the Glazer family by wearing the green and gold although it does look to have declined a little this season. Revelations that the United owners have so much in their bank though is likely to raise tensions once again.
Manchester United have enjoyed a good start to the season currently lying in third, but fans cannot help thinking where they could be had the Manchester club no debts to pay off. There is also a lot of anger regarding part of the £80m received from the Cristiano Ronaldo sale to Real Madrid just disappeared amidst accusations that the Glazer family had withdrawn some to pay off the heavy interest due on the debts.
Although their net worth currently stands at $2.4billion many will be wondering if this money can be got at and if so, will it be used to pay towards the huge increasing debt at the club, or as something to fall back on should the Glazer’s have to pull out of a club facing increasing financial difficulties.