polar bear 0 Posted June 13, 2009 Share Posted June 13, 2009 Just reading my local paper here in Edmonton,It's saying the $132 million promised to United on the Ronaldo sale,will help service the clubs 700 million pound debts.Surely this can't be right eh? Link to post Share on other sites More sharing options...
pipedown27ready 108 Posted June 13, 2009 Share Posted June 13, 2009 What department? Link to post Share on other sites More sharing options...
boss 1,941 Posted June 13, 2009 Share Posted June 13, 2009 What department? Department of Spelling and Punctuation ? Link to post Share on other sites More sharing options...
polar bear 0 Posted June 13, 2009 Author Share Posted June 13, 2009 What department? Link to post Share on other sites More sharing options...
polar bear 0 Posted June 13, 2009 Author Share Posted June 13, 2009 What department? You spelt 'debt' wrong in the title of your post. OOps! Link to post Share on other sites More sharing options...
macka1990 0 Posted June 13, 2009 Share Posted June 13, 2009 650 million debt was the figure from sky sports news Link to post Share on other sites More sharing options...
Emerson 2 Posted June 13, 2009 Share Posted June 13, 2009 I think Liverpool owe about £350M, and are paying interest of about £45M a year on that! A lot is made of these big clubs signings but they really are in the poo if someone starts pulling plugs. Link to post Share on other sites More sharing options...
radlord 24 Posted June 13, 2009 Share Posted June 13, 2009 They never used to have that much, this is debt inherited from the Glazier takeover and I think probably isn't in dire need of paying back. Link to post Share on other sites More sharing options...
polar bear 0 Posted June 13, 2009 Author Share Posted June 13, 2009 I think Liverpool owe about £350M, and are paying interest of about £45M a year on that! A lot is made of these big clubs signings but they really are in the poo if someone starts pulling plugs. What do you think would happen to the EPL, if SKY ever pulled the plug? Link to post Share on other sites More sharing options...
houstie 0 Posted June 13, 2009 Share Posted June 13, 2009 I think Liverpool owe about £350M, and are paying interest of about £45M a year on that! A lot is made of these big clubs signings but they really are in the poo if someone starts pulling plugs. What do you think would happen to the EPL, if SKY ever pulled the plug? They would decide Rangers and Septic would be a good idea Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted June 13, 2009 Share Posted June 13, 2009 Was the club not effectively bought with debt? They bought Man U while simultaneously using it as capital against the debt (kind of like a mortgage) so it's like the bank owning your house until your mortgage is paid. Link to post Share on other sites More sharing options...
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