Man Utd's accountant trying to pull a fast one?
They will be anything to clear their debts! http://www.youtube.com/watch?v=5MTFauI8INY&feature=related They will do anything to try and get out of debt* They took loans out in the name of Man U so they will still be there even if they sell the club.
English Football (Soccer) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
you know what...listen to Fox vvvvv he clearly knows more than the chief exec of the biggest sports brand in the world.
Answer 2 :
Man Utd currently have a £504m bond issue in THEIR name, don't forget. Plus the club has been valued at £1.2bn. That's Stadium, Players, Training Grounds, Retail Stores and Merchandise Production. Every penny that United spend on transfers is not put into repaying the debt, which to anyone with sense is suicidal. At 16.25% on the PIK notes which mature in 2017 and CANNOT be paid off until then (not even small payments) although United can theoretically spend up to £80m every season, they elect not to to repay the other debts for fear that by 2017, when the debt matures and they have to pay, it will have risen to an amount they will be unable to repay and Glazer will sacrifice Man Utd, the ONLY company that makes a profit, to the banks. I fins it amazing that some people still want to gloss over what Glazer has done!
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