Connect with us

Article

Man United breathe new life into three struggling lower league clubs with financial help

Published

on

Manchester United waives owed money from three struggling clubs

Manchester United are a club steeped in history and tradition. More so in doing what is considered right.

According to the Daily Mail, the tradition lives to this day as the club have done what they could to make the life of three struggling clubs easier.

The Red Devils have decided to waive remaining loan fees from the trio who are struggling financially due to the ongoing coronavirus pandemic.

The Premier League giants have informed Hearts, Bolton Wanderers, and Burton Albion that money owed in outstanding loan fees will not be called in.

Manchester United have waived off loan fees from three cash strapped clubs
Bolton went into administration and almost into liquidation

Bolton had taken midfielder Ethan Hamilton on loan, while goalkeepers Joel Pereira and Kieran O’Hara are at Hearts and Burton respectively.

According to the report, United insiders felt it was unfair to increase the financial pressure on smaller clubs already reeling from the coronavirus pandemic.

They were instead all too happy to swallow the six-figure loss worth a combined £130,000. (h/t The Daily Mail)

Fighting for survival

The gesture will come as a huge sigh of relief for Bolton. The once Premier League regulars have run into tough times both on and off the pitch.

The storied club have faced huge financial difficulties that have seen them go into administration and almost liquidated.

They were almost expelled from the EFL altogether and barely survived. The financial ramifications of the current suspension of the season could affect them worse than most other sides.

Nigel Clough resigned from Burton to ease the club's financial worries
Nigel Clough resigned from Burton to ease the club’s financial worries

Burton too, have been hard hit with their manager Nigel Clough resigning to help the club save money. Hearts are also set for tough times after being relegated from the SPL this season.

£130,000 may not sound like a huge amount for Premier League clubs. For those in the lower divisions, however, it could amount to make or break. United are better placed than most clubs in world football to take a hit. As a commercial juggernaut, the club can always make more money.

More Manchester United News

The club’s activities have come for much praise during the coronavirus crisis. United not only refused to furlough staff but also spent more than £1million on relief efforts to the pandemic in their local area.