Ferguson rejects media reports of financial gain
MANCHESTER, England (AP) -- Manchester United manager Alex Ferguson says he will not gain financially from the Premier League club's flotation on the New York stock exchange.
Ferguson released a statement Thursday in response to British media claims that he would stand to make money from an Equity Incentive Award Plan in the release Monday of the Initial Public Offering.
Ferguson says, "I do not receive any payments, directly or indirectly, from the IPO.''
Regarding the club's American owners, "the Glazer family have let me get on with my job, there is no interference or obstruction, only support.''
The Glazers are unpopular with some fans for their leveraged buyout of United, valued at $1.47 billion in 2005. The club's debt was rated at $663 million as of March 31.
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