Debt Trouble Here and Abroad Affecting Glazer Family’s Football Teams

June 7, 2010   ·   Oliver Ellis   ·   Jump to comments

The scene: July 2005, Sir Matt Busby Way in Old Trafford, Salford. It is not a match-day, but the atmosphere outside the ground is raucous, awash with swathes of Manchester United fans. Then a strange figure is hoisted into the air.
Looking closer, it is an effigy of American business tycoon Malcolm Glazer, crudely fashioned of sack-cloth, and a pinned with a printed photo of the billionaire’s face. The figure is promptly set ablaze, to many cheers and chanting.
“Glazers out!” the mob yells.
There is a strong police presence, both on horseback, and riot van. A small black vehicle is whisked off into the night. Inside are Joel, Avram and Bryan, the three sons of Glazer, and the newest directors of Manchester United football club.
Since that time, Manchester United has gone on to win three consecutive league titles, and one European Cup in a hugely successful period for the world’s biggest football club. United’s performance has...

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