Why MU may have no money for new players even though it raised £504m via junk bonds. The bonds were sold in two tranches, one of £250m with a coupon rate of 8.75%, and another tranche of US$425m with a rate of 8.375%
“Glazers could take £130m out of Manchester United next year
• Small print in bond offer reveals shock provisions
• Owners able to get cut of money from player sales”
And an MU fan and journalist puts the knife into the Glazers.