Published: 04th July 2012
REBEL Manchester United fans have welcomed the prospect of Alex Ferguson having more money to spend on players.
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And they will have even more to celebrate if a proposed flotation on the New York Stock Exchange paves the way for the Glazer family to sell the club.
United confirmed yesterday that they want to sell shares in a new holding company, registered in the secretive tax haven of the Cayman Islands, to reduce their £423million debts.
That would allow Fergie to splash more of United’s income on transfers.
Duncan Drasdo, chief executive of the Manchester United Supporters’ Trust which has long opposed the Glazers’ ownership, said: “If it turns out the vast majority of the proceeds are used to pay off the debt that is certainly something we would welcome.”
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