Gill calms investment fears

David Gill has promised fans they will see further investment in the squad despite a poor start to the trading of the club's shares.

Shares in Manchester United were floated on the New York Stock Exchange on Friday, earning the club more than £150m, although half of that has been pocketed by the Glazer family. Fans have been left upset by the Glazer's decision to take £75m out of the what United earned, with the other £75m being used to service the clubs debts. Gill has now come out to defend United's owners and has told supporters they can expect further investment in the squad, despite the disappointing start to trading in the club. Mr Gill said: "The level of debt that we've had at the club since they've taken over hasn't impacted what we've done as a team. "We've won four Premier Leagues, we've been to the Champions League final three times, we've had ongoing success on the pitch. "We fully understand and the owners fully understand that what happens on the pitch is crucial to us and we will make sure there are sufficient funds to invest in the team going forward." The 10 per cent stake in the club was expected to raise more cash than it intially did, with shares trading at $14, a lower price than the $16-$20 expected by United.