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
Atleti Re-signs Tiago     
Atletico Madrid on Tuesday re-signed Tiago Mendes on a two-year deal, despite interest from Premier League ...
Koeman: Dani Osvaldo for Sale    
Southampton manager Ronald Koeman has confirmed that Daniel Osvaldo is for sale, but reports in Italy ...
BVB: Hummels, Reus Not for Sale    
Borussia Dortmund coach Jurgen Klopp on Tuesday poured cold water over the transfer speculation swirling around ...
Shakhtar Brazilians Defected Because of 'Deadly Risk'    
Shakhtar Donetsk midfielder Douglas Costa says he and his fellow Brazilian players have refused to return ...
Brazil Reappoints Dunga as Head Coach     
The Brazilian soccer association (CBF) on Tuesday appointed Dunga as coach of the Brazilian national team, ...
Official: James Joins Real     
James Rodriguez on Tuesday became the fourth most-expensive player ever, signing a six-year deal with European ...
City's Negredo Breaks Foot    
Manchester City striker Alvaro Negredo has broken his foot and will be out of action for ...
Liverpool Close to Remy Signing    
Liverpool on Monday activated the release clause of Queens Park Rangers striker Loic Remy, agreeing to ...
Evra Joins Juventus    
Juventus on Monday confirmed that Patrice Evra has officially joined from Manchester United on a two-year ...
Prandelli: Balotelli's World 'Far Away from Reality'    
Cesare Prandelli has said he did not fall out with Mario Balotelli during the World Cup ...
>> Section 2 Around the Net Archives