Repayments

[onenedkelly]

And desperation takes hold…

From The Sunday World:

Malcolm Glazer is growing desperate as he tries to ease Manchester United's huge debt burden.

The Old Trafford owner has ordered top banking institution Goldman Sachs to trawl for new investers as the weight of a giant £540m overdraft threatens to cripple the club.

All the way through the US Tycoon's takeover, fan groups warned that the amount of money he and his family were borrowing could threaten United's future - now those gloomy forecasts look to be coming true.

It's understood that the latest payment of the loan due - £26million - has yet to be paid.

Glazer has promised Alex Ferguson around £35million in transfer funds this summer - which would hardly suggest that United are in money trouble.

But even the Glazers know that Ferguson's team has to be built up over the next few weeks if United are to have any real chance in the Premiership and the Champions League next year - and bring in the much needed cash those successes would generate.

HOPEFULLY IT'S ALL SAVED UP FOR RIQUELEME, TORRES AND CARRICK ;D

[Busby Boy]

He not long refinanced so this story is bullshit!

[onenedkelly]

Taken from Red Issue

mufcadz said:

He not long refinanced so this story is bullshit!

[Busby Boy]

It doesn't matter where it's from though...if officially they have announced in the past month a refinancing plan came earlier than expected and the club were in a stronger financial position than was expected for another 5 years why would this be true?...think about it!...

[onenedkelly]

Im believing you Adz don't get me wrong mate just can't understand why Red Issue are publishing it

Few comments in Red Issue have p!ssed me off previously so it's nowt new

mufcadz said:

It doesn't matter where it's from though...if officially they have announced in the past month a refinancing plan came earlier than expected and the club were in a stronger financial position than was expected for another 5 years why would this be true?...think about it!...

[Busby Boy]

Yeah they piss me off sometimes too...

UnitedRant are also starting to get on my tits..they are too anti-United, too anti-Fergie and since the bull shit rumours about Ronnie have come about they have got on his back although it's obvious they are false!

[Red Yank]

no worries, it'll get sorted out. There's too much at stake for the Glazers to let United suffer because of the repayments. They went out on a limb to have controlling interest in the club so I doubt they're going to put us in financial problems. Anything is possible, but I think they will try to make everything work.

[Busby Boy]

Yeah that's exactly what I was thinking!...

''Why would you buy a Rolls Royce to turn it into a stock car?''

That quote is old but it's right!