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Unread 31-01-2010, 03:49 PM
redloner
 
Default Re: David Gill interview Radio 5 Live...

Quote:
the club has about £140m in cash available
Yes, but what is it available for, David?

http://www.utdforum.com/forum/showpo...9&postcount=15

Does United have any cash?

Yes. United has £146m in cash in the bank.

The plan is to take £30m from the cash pile to add to the £500m from the bonds. This will be used to repay the senior debt and the fees and other bits and pieces.

the Glazers are planning to take another £70m out of United's cash to reduce the PIK debt.

So by tomorrow, that £146m will be £100m light, but ALL the Ronaldo money is still there, eh David?

Effing good job you didn't give this interview tomorrow when all that cash has been sent out according to the Bond prospectus...
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