United's debts - sustainable?
If there isn't enough to be concerned about, like Sunday's must win game, or the Moscow final then the media has conflicting stories over the debts at Manchester United.
Disturbing article in The Guardian "United play for the double on back of £58m losses last year". Essentially the debts come to £765m (some reports say it is £666m). It's bigger than ever! You don't think about these things with the current success. The world of high finance is beyond my knowledge - but anyone can see it must be a drain. £82m in interest last year, the amount of debt is actually grows year on year - up £124m in the last year. The revenue can never repay the money borrowed. What's going to happen - refinancing on better deals, selling, re-floating, carry on it's all manageable according to the Glazers??? Looks like another price hike for a season ticket will be my contribution to pay it off.
Links : MU Supporters Trust Comment
Channel 4 - Rising Debts
Disturbing article in The Guardian "United play for the double on back of £58m losses last year". Essentially the debts come to £765m (some reports say it is £666m). It's bigger than ever! You don't think about these things with the current success. The world of high finance is beyond my knowledge - but anyone can see it must be a drain. £82m in interest last year, the amount of debt is actually grows year on year - up £124m in the last year. The revenue can never repay the money borrowed. What's going to happen - refinancing on better deals, selling, re-floating, carry on it's all manageable according to the Glazers??? Looks like another price hike for a season ticket will be my contribution to pay it off.
Links : MU Supporters Trust Comment
Channel 4 - Rising Debts
Labels: Glazers
posted by lorenzo23 at
11:53
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