Sir Alex Ferguson hits back at IPO claims

Sir Alex Ferguson has stated that rumblings that he supports the Glazer family as Manchester United owners due to the financial reward he receives are insulting.

The Red Devils’ major shareholders made 10 per cent of the club’s shares available on an initial public offering (IPO) recently, with some Old Trafford fans critical of the American businessmen’s intentions.

However, claims that Ferguson is financially motivated by the deal have been swatted aside.

“Being aware of the media coverage that is currently ongoing I felt, on this occasion, that I should make my position clear to the Manchester United fans,” said Ferguson in a statement, published on Sky Sports.

“In regards to suggestions that I have praised the Glazer family because I stand to financially benefit from the proposed IPO, there is not a single grain of truth in this allegation.

“I do not receive any payments, directly or indirectly, from the IPO.

“Ultimately, I run the football side of this club and in order to do this, you need backing from above.

“The Glazer family have let me get on with my job, there is no interference or obstruction, only support.

“My decisions and beliefs are not based around what is best for my personal financial gain.

“That is an accusation that insults me. If that was the case I would have left Old Trafford a long time ago.

“I am speaking because I do not want a situation to develop whereby the media and other parties create a rift, however small, between myself and Manchester United.

“I’ve spent 25 years of my life pushing this club forward and not only could I not have done that without those fans, I do it for them,” he concluded.

By Gareth McKnight