Manchester United debt hits £716m

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Manchester United debt hits £716m

Post  stretchafc on Wed 20 Jan - 11:00

Debts at the parent company of Manchester United have increased to £716.5m ($1.17bn), according to its latest accounts.

The company, called Red Football Joint Venture, is owned by the Glazer family and secures its debts against the football club.

The accounts, for the year to June 2009, show United's debts passing £700m for the first time.

The club's fans have recently protested against the Glazer's ownership.

After last week's revelation that the club was considering raising £500m through a bond issue to refinance its debts, supporters held up a banner saying "Love United, Hate Glazer" at Saturday's home match against Burnley.

Mark Longden, chairman of the Independent Manchester United Supporters Association, said then that United was being "driven to oblivion".

http://news.bbc.co.uk/1/hi/business/8470595.stm
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Re: Manchester United debt hits £716m

Post  stretchafc on Wed 20 Jan - 11:01

Great news for us and I say the solution is SELL ROONEY AND RIO!!
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Re: Manchester United debt hits £716m

Post  IceQueen on Wed 20 Jan - 11:06

Shoot Rio, hes shite now anyway
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Re: Manchester United debt hits £716m

Post  stretchafc on Wed 20 Jan - 12:09

harsh as ever I see.

Rio has been unlucky with injuries but he is a crucial part of Utd's title ambitions and with him and Vidic last season they were solid at the back.

Rio should have been England skipper ahead of Terry imo, as Terry aint all he's made out to be and Gerrard is not much of a skipper as proven by his performances and lack of leadership this season.
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Re: Manchester United debt hits £716m

Post  IceQueen on Wed 20 Jan - 15:44

Neither Terry or Rio are worthy of Englands captaincy imo, I wouldve gave it to Gerrard
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