Man Utd remain finacially secure

There have been reports that clubs are struggling due to the credit crunch, but the Glazers’ insists it will not affect United.

Manchester United have £660million in debt following the takeover by the Glazers’ back in 2005.

“The credit crunch is not having a negative bearing on United,” the Glazers’ said.

“We continue to benefit from the sell-out of Old Trafford and the growth in commercial operations.

“We refinanced back in 2006 and that structure provides long-term stability. The debt continues to be comfortably serviced by the club’s strong growth in cash flow.”

Manchester United have just recently signed a commercial deal with Saudi Telecom and extended their deal with Budweiser.