Massive debts: United supporters are furious with the current owners
Manchester United are facing a huge rise in their interest rate as debts continue to spiral at Old Trafford.
It is being reported that the Reds could face £75million extra debt on top of the £716m arrears Red Football Ltd, the Glazers' holding company for Manchester United, registered at the start of the year.
The interest rate on United's loan of £220m will increase from 14.25 per cent to 16.25 per cent, leading to fears that the under-fire Glazers will be forced to pay off the loan rather than allow Sir Alex Ferguson funds to inject into the squad in the summer.
Duncan Drasdo, Head of the Manchester United Supporters' Trust, is furious with the latest reports.
'That is the problem with the Glazers,' he told the Sun newspaper. 'They have wasted every single penny supporters have paid for tickets over the entire five years of their ownership. Every single penny of our money which we paid to our club.'
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A City source added: 'The pressure is growing on the Glazers to sort their debts out as soon as they can before they go too high.
'They will have to find this money from somewhere and I imagine it will come from the club.'
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