THEM GLAZERS DON'T HANG AROUND

[The Man In Blue]

‘We absolutely do not expect Manchester U***d to go bust but there is better quality out of there in the market,’

read: "we are not touching that shite with yours mate"

[ronk]

Manchester U***d bonds see value wiped off

Manchester U***d's sterling bonds have lost 7 per cent of their face value within two weeks of being issued.

The half of the issue denominated in US dollars has sunk to 94.5 per cent of face value.

The falls place the bonds among the worst performers on the maket so far this year and although this does not have an immediate effect on the club's finances, it could make it difficult for the owning Glazer family to use the bond market in any future refinancing.

Manchester U***d raised £504m with the bond issue and the Glazers were expected to use the money to pay down bank debt, enabling them to use cash flows from the club to pay off payment in kind notes from hedge funds whose interest rates will rise to 16.25 per cent from August.

SHAME lol

That doesn't really affect the Glaziers. It's bad news for anyone who bought the bonds, but they've already got their money.

[zuricity]

Manchester U***d bonds see value wiped off

Manchester U***d's sterling bonds have lost 7 per cent of their face value within two weeks of being issued.

The half of the issue denominated in US dollars has sunk to 94.5 per cent of face value.

The falls place the bonds among the worst performers on the maket so far this year and although this does not have an immediate effect on the club's finances, it could make it difficult for the owning Glazer family to use the bond market in any future refinancing.

Manchester U***d raised £504m with the bond issue and the Glazers were expected to use the money to pay down bank debt, enabling them to use cash flows from the club to pay off payment in kind notes from hedge funds whose interest rates will rise to 16.25 per cent from August.

SHAME lol

That doesn't really affect the Glaziers. It's bad news for anyone who bought the bonds, but they've already got their money.

It's not about whether the Glazers are affected. It's about the fact that the debt needs to be financed, or in this case refinanced. More importantly , it 's about thinking and believing that you can always borrow your way out of a mess and hope something good comes up --- and you can't. P. T. Barnum was wrong, there isn't a sucker born every minute

[paulh]

got searched going into old trafford and had my malcom glazier mask taken off me -serious(it was quality) copper pissed his sides who was nearby