Manchester United Football Club Blog: Martin Edwards voices concerns over Manchester United's future

Thursday 8 October 2009

Martin Edwards voices concerns over Manchester United's future


Martin Edwards, the former Manchester United chairman, has expressed concern about the debt accrued by the club under the Glazer family. 
Edwards resigned as chairman in at Old Trafford 2002 but remains an honorary life president at the club, a non-executive role.
"It concerns me that the club are in so much debt," he said. "The club are not in control; that family are in control of the debt."
Malcolm Glazer completed his takeover in 2005 amid much anger from supporters' groups, leaving the club with debts in the region of £700million.
"I can understand where the fans are coming from with their concerns," Edwards added. "The crunch time will come when they [the Glazers] exit. Will they saddle the club with the debt or just sell the club on for a profit because that's all they are interested in?
"How will they leave the club? I'm not going to make any accusations because up to now they have behaved fairly well, supporting the manager, and they haven't disrupted the running of the club or the personnel. Time will tell."
Edwards had recommended a takeover bid from BSkyB, worth £623million, when he was at the helm at Old Trafford.

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