MANCHESTER UTD WITH SERIOUS FINANCIAL PROBLEMS

The Glazer family, owner of Manchester United, is unable to refinance the debt of 699 million pounds that the English club has got. To reveal the difficulties of the U.S. magnates is the Times, referring to failed attempts in 2007 and 2008. The fans, the newspaper said, have fear that financial problems will end up directly affect the team. Dragan Djuric, president of Partizan Belgrade, says that because of these problems, the United would forgo the purchase of the young Serbian midfielder Adem Ljajic. "Maybe - he assumed - they are in financial crisis." A spokesman for the Glazer family has instead argued that the manager Sir Alex Ferguson may have money in abundance. According to the Times, the main financial concerns relate to 175.5 million pounds of which the Glazer family must meet in person. The remaining 518.7 million pounds of debt, however, weigh directly on the club.