MUST Respond, Rooney To Be Sold And A Tax Row?

Yesterday MUST (Manchester United Supporters Trust) responded to the announcement that Man United will be looking to raise £500 million through bonds.

The statement on the official site read:

In response to the announcement that Manchester United are to issue £500m of bonds in an attempt to refinance some of the debts imposed on it by the Glazer family MUST - the Manchester United Supporters Trust called on the family to go.

MUST chief executive Duncan Drasdo said "Now is the time for the Glazers to go. This bond issue is just rearranging the deck chairs and still leaves the club with huge debts which they expect supporters to continue to fund. The day the Glazers put the club up for sale you can expect celebration on the streets of Manchester. Most supporters have had enough."

"Under their ownership the club has become liable for more than £260m in interest payments alone and the latest trading statement would have shown a substantial loss were it not for the sale of Ronaldo".

The contrast with Manchester City's owners could hardly be starker.

"If it were a race, then United are dragging their owners behind them like a broken tractor, while City's owners are providing rocket fuel. It just shows what a fantastic job Sir Alex and the players have done that we are still ahead despite the deadweight of the Glazers' ownership."

"It is in everyone's interest for the Glazers to exit and make way for a new investor interested in working with the supporters to build a stronger football club and business together. Manchester United doesn't need a sugar daddy - we just need to get rid of the leeches."

It was revealed yesterday that if Man United hadn’t have sold Cristiano Ronaldo to Real Madrid then it wouldn’t have been a profit made, it would have been a loss.
That has led to further speculation stating that Man United may be forced to sell Wayne Rooney during the summer to make a profit. I don’t think that will happen, if Man United are going to sell anyone it will be players such as Dimitar Berbatov and Luis Nani, not Rooney.

It is a worrying time for Man United fans and we all know that something needs to be done. We need this debt sorted and Sir Alex Ferguson needs funds so that he can buy players.

On a final note on Man United’s money issues, it has been revealed that Man United are in a £5.3 million tax row. Man United are being investigated by HM Revenue and Customs over player image-rights. HMRC believe that image-rights are taxable, which Man United dispute. If United lose they and the players may have to pay out at least £5.3 million.

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