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United - Confusing Money Talk!

It`s only money!

Some figures being banded about by the tabloid press might seem pretty impressive.

Seemingly, our holding company, Red football Joint Venture, are intending to settle the entire payment-in-kind debt next week as it carried an annual interest of 16.25 per cent.

Now that might well carve a huge chunk of our debt but before we all go slapping ourselves on the back the bottom line remains that there is still a huge chunk of debt out, namely the 526 million bond

Nevertheless, our Chief Executive David Gill doesn`t seem to concerned with his latest quotes suggesting,

"We still have cash to invest in players and to give good contracts to players and we are comfortable with the business model"

I have to say all this goes over my head, I think I`ll just concentrate on the football side of things!


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The Journalist

Writer: Red Boy Mail feedback, articles or suggestions

Date:Tuesday November 16 2010

Time: 5:00PM

Your Comments (oldest first)

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Not to mention our revenue is increasing, I guess things aren't as bad afterall. Won't hear to many city fans talk about the rising debt now.
TheFamousNo7
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16/11/2010 19:37:00

i wouldn't bet against it!
merlin
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16/11/2010 20:15:00

 

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