LONDON. — Manchester United’s problems have spread from the pitch to behind the scenes with the owners the Glazers demanding cuts of 15 percent in most departments.
Despite the club’s value spiralling to around the £3 billion mark and sponsorship deals flooding in the axe has been sharpened by the controversial Florida-based family.
While they continue to take money out of the club – it’s estimated that £15 million a year is transferred into the various family banks – the Glazers are insisting on their employees cutting back, ordering that budgets be trimmed.
The only area to survive the cut backs is Louis van Gaal’s first team squad who have their own problems, a lack of entertainment and little sign of any likely silverware. — The Daily Express.