Manchester Central F.C. that name for fear of confusion. Due to this myth about the Central name being almost chosen by Newton Heath when they reformed as Manchester United, the name Manchester Central was considered as a name for F.C. United of Manchester. Manchester Central F.C. Manchester Central was an English football club based in Manchester that was formed in 1928. The team was formed in 1928 by Manchester City Director, John Ayrton and the owner of Belle Vue, John Iles. Ayrton created Manchester Central because he felt East Manchester needed a League side. City had moved out of the area in 1923,
Glazer ownership of Manchester United 98% ownership of the club via their Red Football parent company, forcing a squeeze out of the remaining 2%. The final purchase price of the club totalled almost £800 million. Most of the capital used by Glazer to purchase Manchester United came in the form of loans, the majority of which were secured against the club's assets, incurring interest payments of over £60 million per annum. The remainder came in the form of PIK loans (payment in kind loans), which were later sold to hedge funds. Manchester United was not liable for the PIKs, which were held by Red Football