Glazer’s to repay Man Utd loans

The Glazer family is believed to be preparing to pay off around £220m in high-interest “payment-in-kind” loans borrowed to fund the purchase of Manchester United. In a letter to the holders of the loans, Joel Glazer is thought to have committed to pay off the loans on 22 November. It is unclear how the Glazers have raised the funds to pay off the loans but club funds will not be used.