• $ 1.7
  • € 1.7533
  • ₽ 1.7526
  • ₺ 0.0472
  • £ 2.1077

Manchester United's £350m debt could see them in trouble

Manchester United's £350m debt could see them in trouble
29.05.2020 03:09
The Financial Fair Play battleground in the Premier League is likely to become considerably more messy after a special summit at UEFA’s headquarters in Nyon on Monday.

Clubs with huge debts, such as Manchester United, might find themselves under the microscope during the next stage of FFP, which is due to be discussed at the meeting.UEFA president Michel Platini has gathered all those involved in FFP — including Manchester City, who have had £50m worth of sanctions imposed for their overspending — to talk about how to refine the controversial legislation.UEFA chief executive Gianni Infantino confirmed at Leaders in Sport that the debt issue may be on the agenda next week and the European Clubs Association also say they expect it to be raised.City will stress their zero-debt status and push the case for sustainable investment spending rather than try to shift the spotlight on to their Manchester neighbours, who still owe £350m from the Glazer family’s leveraged purchase of the club.Nevertheless City chairman Khaldoon Al Mubarak did highlight the differences between the two clubs when he pointedly said: ‘We have a sustainable project. We have zero debt. We don’t pay a penny to service any debt.’(dailymail.co.uk)Bakudaily.Az

Similar news
Similar news
Azerbaijan's liberated Fuzuli to host first international regatta
Sport 11:30
Azerbaijan's liberated Fuzuli to host first international regatta
Azerbaijan to host 2026 World Judo Championships
Sport 13:30
Azerbaijan to host 2026 World Judo Championships
Paola Severino: Students enrolled in program within Italy-Azerbaijan University to obtain dual diploma
Sport 12:30
Paola Severino: Students enrolled in program within Italy-Azerbaijan University to obtain dual diploma
Baku to 4th Victory Run on November 3
Society 12:30
Baku to 4th Victory Run on November 3
Vasseur: Ferrari will be aiming to do everything perfectly in Baku with Leclerc, Sainz
Sport 16:00
Vasseur: Ferrari will be aiming to do everything perfectly in Baku with Leclerc, Sainz
Formula 1: Max Verstappen arrives in Baku with his main rival
Sport 12:30
Formula 1: Max Verstappen arrives in Baku with his main rival
Formula 1 pilot calls Baku one of his favorite tracks
Sport 13:30
Formula 1 pilot calls Baku one of his favorite tracks
Cristiano Ronaldo becomes first man to score 900 career goals
Sport 15:30
Cristiano Ronaldo becomes first man to score 900 career goals
Azerbaijani President: We should start preparing for the next Olympic Games now
Sport 15:30
Azerbaijani President: We should start preparing for the next Olympic Games now
Anews TV

Our official Youtube channel

Subscribe