Manchester United Set to Sign “New Vieira” for £12m and Glazer Pumps In More Debt

Sir Alex wants to bring talented adaptable midfield man to Old Trafford.

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Sports News - October 16, 2008

Manchester United are reportedly in negotiations to sign French midfielder Moussa Sissoko.

The 20-year-old has been tracked by a number of clubs across Europe, but Manchester United boss Sir Alex Ferguson is believed to have made the powerful midfielder his number one target and is preparing a move ahead of his transfer rivals.

The Toulouse midfielder burst onto the scene during the 2008-09 season, becoming an ever-present for le Tef and helping the club to finish fourth in Ligue 1.

This campaign has been a struggle for the French side, currently sitting 12th in the French league. However, Sissoko continues to shine, and the gifted youngster has scored seven goals in 21 appearances so far in the current campaign.

Inter Milan, Lyon and Spurs are also believed to be monitoring the player, but it’s the Red Devils who appear to be making their move in a bid to strengthen a depleted midfield that is still unsure about the future of Owen Hargreaves.

With two international caps to his name already, Sissoko seems destined to follow in the footsteps of many other African-born Frenchmen and move onto greater things in Europe. United scouts are already thought to have travelled to Stadium Muncipal, and would have been impressed with the growing presence of Sissoko.

Reports in the French media suggest United have begun negotiations over a January move, although the player has previously spoken on speculation of a move to England, taking a measured approach to the rumours.

“I like the Premier League, but I am in no hurry to get there. There will be time for that in the future,” said Sissoko. (Give Me Football – Official PFA Website)

With Paul Scholes not getting any younger and Anderson failing to quite hit the highs of his first 18 months at the club and with Owen Hargreaves limping from one injury to the next it would appear that a move for a top notch defensive midfielder would be needed and with that in mind Sir Alex Ferguson appears to want to bring Toulouse starlet Moussa Sissoko to the club.

The 20 year old French International is a talent just waiting to hit the big time and the rangy midfielder has outgrown his Ligue 1 side and looks keen to secure a move to a member of the European elite and if the Old Trafford outfit can snap him up they will have beaten off stiff opposition.

Sissoko is capable of working as both a wall to break up opposition attacks but is also able push moves forward and has an eye for goal to boot and could be a fantastic acquisition.

Manchester United have successfully raised £504m through a bond issue, which will cover most of what the club owe to international banks.
The deal means the Premier League club will be able to pay off nearly all their outstanding debts of £509m.
They will face an annual interest bill of £45m a year on the bonds.
The sale comes after figures showed debts at the club’s parent firm, Red Football Joint Venture, rose to £716.5m ($1.17bn) in the year to June 2009.
Pounds and dollars
The bond was sold in two tranches, one of £250m with a coupon rate – or interest rate – to bond holders of 8.75%, and another tranche of $425m with a coupon rate of 8.375%.
However, unlike the debt at present secured against the club, the seven-year bonds will not mature until 1 February 2017.
The annual interest bill on the bonds is close to the £41.2m in interest paid in the last financial year.
But by converting the money owed to banks into a bond, it means the club will be free of the potentially strict financial conditions imposed by lenders.
On Thursday, it was confirmed that the club had signed a three-year sponsorship deal with Turkish Airlines to take over as the club’s official carrier. (BBC Sport)

Malcolm Glazer continues to take the Premier League champions from one debt to another and If I were a Manchester United supporter I would be protesting at any available opportunity as the club is really in crisis as the American owners manage to make a right pigs ear out of running a club that really should have no problem generate revenue as opposed to having to fork out millions in interest payments just to sustain debts.

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