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United debt in Uefa spotlight
Manchester United's massive £342million debt is on the agenda for Uefa's clampdown on FFP.
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If they want to start talking about debt, well then that includes the likes of barca and madrid and a hell of a lot of european Giants. |
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Wouldn't mind though our debts are serviceable. |
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Debt is not bad in and of itself. Most companies have a certain level of debt. What it should be is manageable. Debt is usually judged in proportion to your earnings and United make enough money that the debt wouldn't be considered a problem by and criteria likely to be used. |
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Am I missing something? Anything that obliges the club to reduce its debt is a good thing. The debt may be half of what it was but it's still £350m, I don't really care that debt is used by companies in the business world, we're a football club that has revenues of around £400m, serviceable or not there is no reason to have a roughly the size of a year's revenue
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Surely the point of this is (or should be) that if some other vultures are eyeing up a football with the hope of financing the purchase with the same debt model the Glazers used will be deterred because UEFA will say you can't enter the Champions League with a certain level of debt. That could only be a good thing.
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Its an all out snide war now for City, PSG and to a lesser degree Chelsea to find ways to get their advantage back
Another one is about clubs not having to submit accounts when not in the competition, like the dippers who would have been sanctioned http://www.dailymail.co.uk/sport/foo...ious-year.html |
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