Manchester United raise £504m in bond issue

[Immenseman]

no, they put it into bonds for security. they don't have to do anything til 2k17 now and they don't have to sell anything off

[United-Clowgon]

I came on to post this! but it already has been.

It's a bit of good news and what Jake said, we don't have to do anything dramatic to pay off the debts until 2017. Which I'm sure by then, it will all be payed off.

I believe however, we have to pay 45 million a year in intrest payments (bonds) which I'm really pissed off about - That money could be used in building our next team/players wages/staff/coaches ect/

Hopefully in the next couple of months/year w/e, some Rich Arab will come along and buy the Club. Qatar wants to host the World Cup so perhaps someone Rich from there will buy the Club and promote football over there.

Peace out dudettes.

[leah]

Still in 200m debt then?

[luce]

my dad was interested in some but in the end he couldn't be bothered however it would have given us quite a bit of profit if he'd bought the right amount !

[Immenseman]

leah it's still 700+. the debt is just in another format.

[leah]

sounds complicated and rubbish

[Immenseman]

yah, just means they can ignore it for longer

i think it's like this

u owe ur mate #1 £20 he needs it for the end of the week
ur other mate #2 will lend u the £20 and he'll let u keep it til end of yr. but he adds interest every month so u end up paying back £60.

mate #2 wont beat u up for it
mate #1 will

im gr8 at makin this simple

[CHA!NGANG]

£45 Million intrest isn't bad at all considering the size of loan and the fact that it's over 7 years. All this has done is freed up time and stopped United from being forced to pay back a chunk of the debt in a quick period of time. The debt is now £45 Million bigger than before but they have 7 more years to find a solution which they will do eventually.

[Black_Apalachi]

Of course some rich Arab will come and buy it, after all Man U will always be the biggest club in the world and can only get bigger (or whatever Clowgon said the other day lol) .

[leah]

However if they don't find a solution the debt will be much worse (yn)!!