Glazers hope to cut down Red Knights in battle for Manchester United

The Glazer family are considering a second round of refinancing in an effort to remove Manchester United’s huge debt burden.

The American owners also hope that the move would help to stave off a planned takeover by the Red Knights.

Initial talks have taken place within the Glazers’ inner circle about how to get rid of their payment in kind (PIK) loans that could total £588 million by the time they are due to be repaid in 2017, The Times has learnt.

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This entry was posted on Thursday, March 18th, 2010 at 9:11 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed.