Tag: debt

Man Utd to refinance

Man Utd to refinance

News story this morning about how the Glazer’s have given notice on their money borrowed from hedge funds.

Read more about the story here: –

https://news.bbc.co.uk/sport1/hi/football/teams/m/man_utd/9192771.stm

It’s interesting because the interest payments on the debt have been putting a huge strain on Man Utd’s ability to spend money. A case in point in the following sentence: –

“Earlier this year the rate rose to 16.25%”

I’m aware that raising finance in the current market is tough and rates can be …

16/11/2010 | By More
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