Igor Zidane wrote:I thought i would put this in here, just incase anyone thought that the mancs were managing there debt . If you read the post it shows just how much sh!t there in with regards the debt on there club.
£650 million and rising
How the Glazers' debt threatens our club
The Glazer Family paid a total of £921 million to buy United.
They borrowed at least £650 million* of that sum, some at 20% compound interest.
The terms of the debt, which has now been shifted onto the club, means that if it is not paid off it increases to £938 million within 5 years. That means the debt is growing at more than £300,000 per day.* No. We're not kidding.
This isn't our spin on the situation either, for these figures aren't open to interpretation. The numbers above are the facts as spelled out in the Offer Documents posted by the Glazers at Allen & Overy during the bid period. There is ample evidence to indicate that the debt is not only real, it's likely to be crushing.
The debt clock in the sidebar (over there on the right side of the page) gives an approximate debt calculation -- and we've even given the Glazers the benefit of the doubt that the clock didn't start ticking until the end of June 2005
http://www.joinmust.org/thefacts/theirdebt.php
Now think of what a money making machine utd is and how they wont be able to cope with the debt. That's our future under G+H and no signs of a new stadium.
Well that cheers me up, but I don't think it's actually all that bleak for man Utd, it just doesn't make sense, why would the debt suddenly jump up, really weird?
In any case I like the fact that all has now gone quiet again it means that DIC are trying a new more aggressive approach to get the club, which they will succeed in doing, around June


doesn't wish to leave then he won't. We've just got to get behind the lads and wish success on Liverpool Football Club rather than failure on Tom Hicks.




