£500M refinance on the cards for Man United
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Manchester United look set to refinance some of the huge debt the club is in by selling it off in bonds.
500 million pounds worth of bonds are allegedly being pushed by the Glazer family to raise enough capital to pay off existing high interest debts.
The way bonds work are like a loan, but in reverse.
For example, an investor might give one million pounds to MU Finance PLC and in return the company guarantees to give the investor back his/her one million pounds when the bond matures, plus interest.
This gives the Glazers two benefits.
1) It gives them more control over the debt by allowing them to set the interest rates on the bonds.
2) It buys them a few more years before the wolves come calling at the door.
The bonds wouldn’t however, cover the PIK debts which are the real worry for the Glazers.
The American family are looking increasingly desperate in their attempts to juggle the club’s finances and this has led to speculation amongst fans that the end is near.
Sir Alex Ferguson’s insistence that he has money to spend is not an opinion shared by many fans, and his continual ramblings about a lack of “value” in the market seem to back up the popular theory that the debt situation is finally biting us in the arse.
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Bonds ?
No other ways ?Like that also can ?
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Desperate, why is this only here and no other place? Hmm..
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This is want happens when u let the tentacles of Corporate America grab hold of you. Bastard glazers. At least they haven't scolded any fans **** face yet.
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Originally posted by Agenda:
Desperate, why is this only here and no other place? Hmm..
Oh ..... that's right .You see , our fans has been very demoralised by our club's financial status , everytime no money .
Me just wanna let the guts know , we are not alone !!!
Some team up there has got the same problem .
So guys , no worry be happy about Liverpool .
Nothing else .
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Originally posted by Gackt247:
This is want happens when u let the tentacles of Corporate America grab hold of you. Bastard glazers. At least they haven't scolded any fans **** face yet.
At least Merseysiders are daring enough to fuck them up !!! -
Originally posted by Poolman:
Oh ..... that's right .You see , our fans has been very demoralised by our club's financial status , everytime no money .
Me just wanna let the guts know , we are not alone !!!
Some team up there has got the same problem .
So guys , no worry be happy about Liverpool .
Nothing else .
Very true, but some people tend to use other's misfortune to cover their own.
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Originally posted by RAFA BEN IS A GAY BASTERD:
Freedom of speech with Intelligence.
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£256m just on interest alone .......
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Seriously Poolman, what's with you and all these recent postings? Did somebody provoke you or did you really lose it? Have you become as obsessed as some other people?
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what ?
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Originally posted by Poolman:
what ?
not sure whether u sense it, but it seems a lot of MUFC's threads.
perhaps U want to mix it up with gunners/chelsea or others leh.
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Oh MU threads can attract flies ma , hahahaha just like Liverpool's , main core of sweeteners to attract flies .
Just a cooling effects for our fans , who i thought has lost quite some cinfidence in the team , so .......
Liverpool fans , we're not alone losing form , some mega rich teams also running out of steam recently .
Keep the faith !!!
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Poolman, I find it very strange for you to be acting this way. I may have doubts about you in the past but this is something else altogether. It's sad, really.
For one thing it makes you no better than the people you complain about.
Then again, I guess there is a reason why you are good friends with some people.
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Straits Time said JUNK BONDS !!!
Not much investor .
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PIK = Payment in Kind type of loans ......
BY 2017 , MU will owe massive £588m with interest .