The Gloves Are Off

Last updated : 10 September 2007 By Ed
MUST have hit back at the Glazers denial stating: "The Glazers' claim that `nothing has changed' is laughable. Why then were they forced to cancel plans to refinance some of the debt this summer? Have interest rates not gone up? Has the global credit crunch not begun to bite?

"Furthermore, our calculations are based on the Glazers' own refinancing documents of 2006, which were signed by Joel Glazer himself. If they wish to dispute the figures, then let them open up the books to independent scrutiny.

"Let the Glazers bring their own figures out and we would be happy to be proved wrong and for the club to be shown to be less debt-laden than we think it is.

"The facts are simple: there is a vast debt of £660m hanging over the club."