Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Debt Refinancing Opens Transfer Market for Ferguson
The Daily Mail, July 18th, 2006 5:11PM

MOST READ

MOST COMMENTED

Sir Alex Ferguson and Manchester United received a boost when a refinancing program was unveiled that should free up some cash for the high profile English club. Ferguson is the only manager of the top four English clubs who has yet to make a significant summer signing. In fact, with Van Nistelrooy set to leave tomorrow, and Cristiano Ronaldo telling anyone willing to listen he wishes to play in Spain, Ferguson had been looking at a bleak start to the campaign. The refinancing program slashes United's annual interest payments by almost 30 percent. This opens the door for Tottenham midfielder Michael Carrick as Ferguson's first field player signing of the year; Carrick could be followed by Patrick Vieira if Juventus' appeals attempt fails and the player is forced to leave. "We're working on several things and talking to several clubs," Ferguson told the Manchester United Web site on Tuesday. "We have made several inquiries for several players but we have held certain things back because of the Juventus situation. Another target is Atletico Madrid's want-away striker Fernando Torres, although he would command the heftiest price tag by far. When the Glazer family took charge of United last year they had to borrow massive amounts of money to complete the deal. Its debt now stands at 660 million pounds (almost $1.2 billion), the highest ever seen at an English club. Many worry the massive burden will keep the club from enjoying the kind of success it had in the 1990's. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Report: Mackay Out of Palace Running    
Malky Mackay, who was considered a shoo-in for the vacant Crystal Palace job, is no longer ...
UEFA Investigates Tavecchio Comments    
Italian soccer federation (FIGC) president Carlo Tavecchio is being investigated by UEFA over an alleged racist ...
Report: Glazers to Keep Man United Five More Years    
The Guardian reports that despite mounting unrest over the Glazer's ownership of Manchester United, the family ...
Barca Denied Transfer Ban Appeal    
Barcelona will be unable to sign any players in 2015 after FIFA rejected its appeal against ...
UCL Playoffs: Higuain Rescues Draw vs. Bilbao     
Athletic Bilbao coach Ernesto Valverde says he had "hoped for something more" following his team's 1-1 ...
Wenger Bemoans Ramsey Suspension After Gunners Stalemate    
Aaron Ramsey was sent off as Arsenal eked out a 0-0 draw away to Besiktas in ...
Simeone: Di Maria is Real's Best Player     
Atletico Madrid coach Diego Simeone said he thinks that Angel Di Maria is Real Madrid's best ...
Colorado College will be Team USA in 2015    
Colorado College, a Division III school, is moving to the Mountain West this season from Conference ...
Hazing investigation prompts cancellation of UNM opener    
In the aftermath of an incident in which Albuquerque fire and rescue and ambulance personnel were ...
Johannsson Has Groin Surgery     
AZ Alkmaar on Tuesday announced that USA forward Aron Johannsson had surgery on his right groin ...
>> Section 2 Around the Net Archives