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: Clasico to Break Records     
AS reports that Saturday's Clasico between Real Madrid and Barcelona at the Bernabeu in Madrid will ...
Dunga Names Neymar Brazil Captain    
Brazilian national team coach Dunga on Friday revealed that Neymar will retain the captain's armband when ...
Reports: Lampard Could Extend City Stay     
According to reports in England, Frank Lampard could be able to stay on loan at Manchester ...
Pogba Signs Three-Year Extension with Juve    
Juventus midfielder Paul Pogba on Friday signed a new deal that will keep him at the ...
Rio Ferdinand to Retire This Season    
Former England captain and Queens Park Rangers defender Rio Ferdinand has said he plans to retire ...
Garcia: Roma Must Respond Following Bayern "Accident"     
AS Roma coach Rudi Garcia on Friday admitted that his team has a long way to ...
Mourinho: Costa Could Play Against Man United    
Jose Mourinho on Friday revealed that Chelsea striker Diego Costa could play at Manchester United on ...
Enrique: Suarez to Make Barca Clasico Debut     
Barcelona coach Luis Enrique on Friday confirmed that Luis Suarez will play in Saturday's Clasico vs. ...
Sporting Demands UCL Replay     
Sporting Lisbon has lodged a formal complaint with UEFA demanding a replay of its UEFA Champions ...
FIFA Rankings: USA Falls to 23rd    
Jurgen Klinsmann's USA fell six places to 23rd in FIFA's international rankings following a pair of ...
>> Section 2 Around the Net Archives