Ferguson: debt issue a worry
ALEX FERGUSON has admitted that Manchester United’s £700m-plus debts have been unsettling for staff at Old Trafford, with chief executive David Gill required to reassure them about the future.
Ferguson insisted that the £10m United paid Fulham for the central defender Chris Smalling last month represented “big money” which proved to him that United’s debts levels were not limiting him, but conceded forcing the club to seek £500m through a bond issue created “difficult circumstances”.
“David Gill has had a lot of chats with the staff to settle them down, to assure them everything’s fine. For me, life goes on,” he said.
Ferguson has been contemptuous of the breakaway FC United club, formed in protest against the Glazers’ ownership, but insisted that he attempted to speak up for fans, whose green and gold protest has been so visible in the past two months. “There’s nothing wrong with people protesting if they think their position in life has been changed, if they’re not getting the proper respect or valuation of their worth,” Ferguson said.