Quote:
Originally Posted by Damien
So they decided to get even more debt! I don't understand. Are they not just borrowing £500 million at lower interest rates to pay back some of the £800 million they have at higher interest rates? Which would mean none of this raises money for players. Other than decreasing interest payments which would mean less of their profits have to go to paying interest. However up until 08 Fergie was blowing more than United were earning on players. So that will probably continue...
If they are just increasing the debt then we might as well write United's future off now.
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Here is a good explanation of it all.
http://www.bbc.co.uk/blogs/thereport...utd_spend.html
I do feel a bit sorry for United fans over all this. Well some of them anyway. Ultimately the fans are just a pawn here and not their fault. I do find it crazy that a situation can exist where a club can buy 'itself'.
Meanwhile I read that Utaka is on £80k/week at Pompey. I think that alone explains a lot about their financial situation.