Manchester United’s owners the Glazer family have raised almost £220m to clear the controversial high interest PIK loans which have mired the club in debt.
The Glazers have come in for fierce criticism following the publication of the clubs latest financial figures, which revealed record turnover and operating profits but a net loss of over £80m.
Much of the losses were due to interest payments levied against the Glazers purchase of the club, with the PIK loans accruing interest at an immense annual rate of 16.25%
However, the Americans have decided to input £220m of non-club funds to rid United’s finances of the burden of the PIK loans.
Utd eye Henderson.
United are apparently eyeing up Sunderland starlet Jordan Henderson with the view to a summer move.
The 20-year-old midfielder has impressed for Steve Bruce’s side this year, and his form has resulted in an England call-up and possible first cap in tonight’s friendly against France.
Sir Alex Ferguson is keen to address the problematic central midfield area, and sees Henderson as the long term replacement for Paul Scholes.
One stumbling block could be the price, with Bruce claiming he wouldn’t sell him for less than £25m, the other issue could be Manchester City’s interest – who would have few qualms about finding the fee.
Wayne Rooney is ready to make his long awaited return from injury this weekend.
The striker had been sent by the club to Nike’s training centre in Oregon, USA, for intensive rehabilitation following a lay-off with an ankle injury.
The trip has been described by Sir Alex Ferguson as a ‘great success’, whilst a club insider is quoted in The Sun as saying, “He was far from being overweight but he is now nicely tuned up again, there are no problems with his ankle and now Wayne just wants to get back on the pitch.”
Rooney has not played for the Reds for over a month but is set to return for the visit of Wigan to old Trafford on Saturday.