Man United face multi-million debt repayment cost as new documents filed in US
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4 Articles
The Independent
The Independent (US)Man United face multi-million debt repayment cost as new documents filed in US
The Red Devils have continued restructuring debt which was incurred when the Glazer family borrowed against the club to fund their leveraged buyout in 2005
Manchester United have signed a new financing deal worth $550 million, under which the club will be forced to pay significantly higher interest rates than before to repay its previous debt, BBC Sport reported.
United Refinances Debt – But the Cost to the Club Keeps Rising
Today the club announced that it has refinanced a major element of its debt by issuing $550m of new bonds. What does that mean for the club's finances, transfer plans and future spending? MUST’s Finance Director, Andy Green, takes a closer look at the latest refinancing deal and the continuing cost of debt at Manchester United.The football world may be focused on the World Cup, but Manchester United have been busy elsewhere in North America, on …
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