LONDON (AP) — A British parliamentary inquiry will look into how soccer clubs are run amid concerns about high levels of debt.
Manchester United, which was debt-free before a leveraged takeover by the American Glazer family in 2005, has liabilities exceeding $788 million.
The Culture, Media and Sport Committee announced Tuesday that it will consider “Is there too much debt in the professional game?”
Committee chairman John Whittingdale says there is “widespread concern that the current governance arrangements are not fit-for-purpose.”
A committee statement says it will consider the case for “strategic Government intervention in the administration of professional football clubs.”
