Manchester United A Disaster Waiting To Happen?
I've been a supporter of Manchester United for 15 years am not a plastic fan its because am only 20.
The increased debt is now to the tune of £700m. I have done alot of research over the last 6 months to see how were going to pay for this. We have to break even by 2016 - 2017
The true fact is their is only 2 options
1. The Glazers sell the club
2. They sell the Tampa Bay
The debt that is secured agaisn't the club is fine we can manage to pay that off, it's the debt the Glazers have personally taken out around £175m at an interest rate of 14.25% which is crazy.
This is the debt were struggling with and most likely were the £80m has gone from the sale of Ronaldo. I just cannot help but think that the banks will repossess the club and if they cannot find a buyer "which i know is unlikely" but in the off chance they don't they will start selling of the clubs assets.
As a board we cannot really complain they have left Sir Alex to his job supported him, not interfered like Chelsea and Liverpool, gave him money for transfers when hes needed it.
But do you think the Glazers need to go?
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