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Author Manchester United refinance the club, Cosmo, Debt, Big Fat Gayer Etc...
Marc
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Registered: 11th Aug 02
Location: York
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   10th Jun 07 at 11:46   View User's Profile U2U Member Reply With Quote
According to news anyway
Cosmo
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10th Jun 07 at 12:00   View User's Profile U2U Member Reply With Quote
Any links? Not on SSN yet.

It wasnt so long ago that you refinanced the debt, wiped off a little amount but put yearly interest only payments up from mid £40m to mid £60m ish.
Marc
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10th Jun 07 at 12:03   View User's Profile U2U Member Reply With Quote
Apparentley its to reduce repayments.

Edit - Was in the Telegraph in Business section.

[Edited on 10-06-2007 by Marc]
Cosmo
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10th Jun 07 at 12:05   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Marc
Apparentley its to reduce repayments.


seems a bit of a silly move after only refinancing a while ago which increased payments

Will have to find a link and see whats what!
Marc
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10th Jun 07 at 12:07   View User's Profile U2U Member Reply With Quote
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/09/cnmanu109.xml
Cosmo
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10th Jun 07 at 12:13   View User's Profile U2U Member Reply With Quote
Just found that myself!

So already reduced interest payments from £90m to over £62m a year. And now looking to reduce this further but put the club into roughly £700m debt.

And this will be secured against the £3m match day revenues you get at OT during the season, which is similar to how Arsenal paid for the Emirates. And possibly (although currently denying this) against OT itself (which technically it always is as the debt is against the club and its assets, so not Glazer personally).

Should be a good move though if they can cut the interest payments more though, although makes the move even riskier by increasing overall debt.
Marc
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10th Jun 07 at 12:15   View User's Profile U2U Member Reply With Quote
Do you like the way Liverpool are compared to Portsmouth, Aston Villa and Newcastle by being referred to as top clubs!
Cosmo
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10th Jun 07 at 14:09   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Marc
Do you like the way Liverpool are compared to Portsmouth, Aston Villa and Newcastle by being referred to as top clubs!


Yes, I just wish we were compared with Spurs and then Id know we made it.

 
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