Bert Le Clos Posted November 16, 2010 Share Posted November 16, 2010 Not really sure what to make of this. BBC Sport If they are taking money from United to pay off the debt surely that's just moving the debt elsewhere? Or have I got that wrong? Discuss. Link to comment Share on other sites More sharing options...
HomerJaySimpson Posted November 16, 2010 Share Posted November 16, 2010 Not really sure what to make of this. BBC Sport If they are taking money from United to pay off the debt surely that's just moving the debt elsewhere? Or have I got that wrong? Discuss. "United generated revenues of ?278m and have more than ?100m of cash reserves." i think this is the key sentence - it seems REAL money is being used to clear some of the debt Link to comment Share on other sites More sharing options...
colinmaroon Posted November 16, 2010 Share Posted November 16, 2010 "United generated revenues of ?278m and have more than ?100m of cash reserves." i think this is the key sentence - it seems REAL money is being used to clear some of the debt "The Glazers are most likely to have borrowed money from other financial institutions at more affordable rates to refinance the PIKs." The Glazers make Vlad look like an angel!!! Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted November 16, 2010 Share Posted November 16, 2010 This must be a good thing for United. David Conn hasn't written a doom and gloom blog about United in The Grauniad! Link to comment Share on other sites More sharing options...
Therapist Posted November 16, 2010 Share Posted November 16, 2010 Manufactured United.....tick tock Link to comment Share on other sites More sharing options...
hmfc_liam06 Posted November 16, 2010 Share Posted November 16, 2010 Manufactured United.....tick tock Chelsea minus Terry and Lampard for a while......tick tock. Back on topic, it seems a good thing, even if they have taken out a loan to pay it off, the interest is lower so hopefully wont be losing much now! Link to comment Share on other sites More sharing options...
CavySlaveJambo Posted November 16, 2010 Share Posted November 16, 2010 These are the debts that are personally liable by the Glazer's. Nothing to do with the LBO debts on the club. Link to comment Share on other sites More sharing options...
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