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Last Updated: Friday, 1 July, 2005, 11:27 GMT 12:27 UK
Fans not won over by Glazers' vow
Joel Glazer
Joel Glazer has not managed to ease fans' fears
Fans' group Shareholders United remain deeply dismayed with Manchester United's new owners despite Joel Glazer's pledge over transfer budgets.

Joel, son of United's billionaire owner Malcolm, says the club will have money to spend and will keep its big stars.

But Shareholders United chair Nick Towle told BBC Sport: "They are just warm words to appease the fans. Where will the money come from?

"Now the banks have their hooks into the club, they will say what happens."

Towle's comments are tame in comparison with those other fans - and some of their protests have enraged United chief executive David Gill.

He said: "Quotes from various people calling the Glazers repulsive are not right.

"Those kind of comments by supposed fans repulse me and it makes me wonder what they think they are achieving."

Glazer borrowed heavily to finance the 790m takeover of United and fans have been furious with the way their club has been bought.

It has been reported that Glazer will rise ticket prices and cap the amount of money spent on new players.

You have to move forward and understand that things have changed
Man Utd chief executive David Gill

Towle believes it is inevitable and has dismissed Joel's claims a transfer cap will not be imposed.

"The takeover is based on a massive level of debt - the club is no longer in control of its finances, the banks are," Towle added.

"The Glazers' two-year profit plan for the club is very aggressive and I can't see how they are going to achieve it.

"They will just milk the club all they can, hike up ticket prices and possibly try to negotiate a new TV contract or some other drastic course of action.

"I've already given up my season ticket and I hate to think how the atmosphere will be at Old Trafford when all the true fans have disappeared."

But Gill, who admitted he had initial reservations over the Glazers' business plan, said: "You have to move forward and understand that things have changed.

"We need to work with the Glazers and explain to them why we had concerns and ensure we have a very profitable future.

"All along we have reinvested the profits we have made back into the club, whether it be on player transfers, contracts or expanding the stadium and the Glazers understand that.

"As long as we continue that successful strategy of what happens on the pitch determines what happens off it, I think we have a bright future."


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