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 Posted by ESPN Staff
Apr, 10, 2009

Ferguson unfazed by Man Utd's £650m debts

Sir Alex Ferguson has defended the Glazer family after the latest financial statement from Manchester United's parent company revealed debts of almost £650m.

Sections of the Old Trafford support opposed to the Glazers have seized on the figures as evidence of a club in crisis.

However, Ferguson has never had any complaints about the Americans, who have backed him in the transfer market and have stayed out of the spotlight.

And, while he accepts debt was a major factor in the Glazer buyout almost four years ago, the United boss does not feel anything is likely to change as a result of Thursday's announcement.

''Their support has never changed,'' said Ferguson. ''I do not know what these figures tell you.

''There has always been debt since Malcolm Glazer took over the club. Most buyouts are like that. But there is no change as far as I am concerned.''

For all the criticism their financial structure has attracted, the Glazer family have never given any indication they are concerned at the amount of debt hanging over United.

The Red Devils still return vast profits on their business dealings, with wages still well under 50% of turnover.

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