United - Debt Increase!

I asked myself the same question when Berbatov left.

How does a 2% interest rate rise become £75m? Surely that £75m is just a worse case scenario based on penalties that would occur over the life time of the loan? From what I understand, the interest rate is reviewed yearly and the club made the INTENTIONAL decision to incur a 2% increase THIS YEAR, because it wanted to use more profits than our loan agreements allows, to pay down the debt. Next year, the interest rate will go back down. Essentially this is a non-story designed to make it look as though our debts are spiralling out of control (which I doubt is true, but cant confirm until our latest accounts are issued later this month).

Not too fussed, even if we did go into uncontrollable debt it will just force the Glazers to sell. Always look to the bright side.

Only-Sleggin, though I still retain some slight bitterness against United due to the nature of the Carrick and Berbatov transfers, I think you've stepped way over the mark with your rant. Tuscan3000 has already summarized what I was going to say, anyway. Without any transfers in, United would still be loaded up with 500 million pounds+ worth of debt, if Fergie's return is miserable, then I'm sorry, but there's no manager in the world today whose return is anything above miserable. The last man who could be described as better than Fergie died leading Scotland to the World Cup, Jock Stein. And if you are such a proponent of building a local base, I'd like to know how-many home grown players your team has in its starting eleven. Top-flight football demands that you play the best, regardless of their nationality, and in that respect, United have done rather well with their home-grown quota.Now, I'd be happy to hear a coherent argument from you about why United deserve their debt, but pontless rants against a team you clearly dislike only wastes our time And yours.

Whoops, double post again. Sorry, fellas.

:) Just reiterating the point DubaiSpur. Finance is something people are paid ***** loads of money for! For us to try get or heads around it and fully understand its implications is silly and we no one is sure if the Glazer's have the nous to build this brand suitably to take care of it eventually. We have had a slew of large sponsorships after they have come in. Some people will argue without the glazers we could have used that money, who is to say they are not doing their bit in the whole thing? Far as I am concerned, Fergie's still here and we have the core of a good team, unless every united fan pitches in with a couple of year's earnings, no point complaining about the owners. Ignore that ignoramus Only-Sleggin....

"When did our wonderful game become all about money, somebody please enlighten me?" Why not read David Conn's "The Football Business", and you will find out; he points the finger at the big clubs, and most of all at United - citing Louis Edwards underhand campaign to secure enough United shares to run the club, to the foundation of the Prem, which was intended to improve English football, but was hijacked by United, Liverpool and Arsenal to give them the greatest share of the spoils. Odd you didn't know that already? Not been a United supported long then?

OS, we are arrogant because we have earned it, so it is typical. I am not sure what concepts we are struggling with here. The only issue other fans bring in on this site are the usual tripe about finances which we all know so there's nothing to add to. Talking bull ***** about Fergie's minimal returns is not even a argument, forget being a constructive one. When the like of Benitez have spent that much more over the last few seasons than us, you still accuse of buying and not having British players. Either you're just a jealous blinkered tit or you can't grasp the idea of trophies and titles!

Tuscan, thanks mate, I am finding it harder than you to rationalise to these morons. We are capable of intelligent discussions, unfortunately our visitors can't seem to make one!