MU: Mgt “clarifies”finances but bond investors are sceptical

In Uncategorized on 07/02/2010 at 5:40 am

The CEO  stressed that United’s debts of £500m are a “misconception” because the club has about £140m in cash available, over half of which was generated by Cristiano Ronaldo’s world record £80m transfer from United to Real Madrid last summer.

And he confirmed manager Sir Alex Ferguson can spend all £80m on new players, should he wish to expand the squad.


Err but how come the price of the junk bonds that MU issued recently have collapsed? Days after they were were issued they fell five percentage points.  Buyers are looking at a loss, if they sell.

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