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Shadow Demon UK · 24-05-2013, 00:10

Man United's debt is £370M. Bank has refinanced £192.34M of bonds to lower interest rate. Club to pay around £10m less in interest payments.

Annual interest payments to come down from £31M to about £21M with new loan from Bank of America.

2008: 73% of cash profits went on interest. Next season could be as low as 12%.

24-05-2013, 00:10	#7740
Shadow Demon UK Inactive Join Date: Mar 2005 Posts: 3,281	Re: Football Season 2012/2013 Man United's debt is £370M. Bank has refinanced £192.34M of bonds to lower interest rate. Club to pay around £10m less in interest payments. Annual interest payments to come down from £31M to about £21M with new loan from Bank of America. 2008: 73% of cash profits went on interest. Next season could be as low as 12%.