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Manchester United owner's debts hit £1.1bn

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    Manchester United owner's debts hit £1.1bn

    Posted this morning on the main BBC news website.


    #2
    if we are goign to down lets drag them all with us
    96 Never Forgotten

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      #3
      This is bad news, as it may force the glazers to sell.

      Comment


        #4
        If that was going to happen I would have thought they wouldn't have bothered issuing that 'hands off' statement to that group of investors last week.

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          #5
          They dont want to give out the impression that they need to sell though.

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            #6
            Originally posted by Craig_H View Post
            This is bad news, as it may force the glazers to sell.
            Pint half empty this morning?

            It sounds like United are in a similar situation to us in that their American owners have mortgaged themselves up to the hilt and would sell but only for a hugely inflated price

            Us: £600-800m
            Them: £1.5bn

            Ain't going to happen unless you get an £12bn windfall anytime soon (if you do I'd love to be involved in the day-to-day running of LFC.... )
            James Philip Milner Fanclub #1

            Curtis Julian Jones Fanclub #1

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              #7
              Originally posted by Craig_H View Post
              They dont want to give out the impression that they need to sell though.
              Perhaps they don't want to shout it from the rooftops, but if they really needed to sell I don't see why they'd bend over backwards to say that the club won't be on the market anytime soon.

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                #8
                The thing is with the glazers is that at present their assets are in negative equity by and large, over the next few years that may not be the case so id imagine they are in it now until the markets improve and they can dig themselves out of debt.

                Obviously I hope that doesnt happen as it would make me very happy if they went out of business before us
                RAFA

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