Quote:
Originally Posted by believe
Yes, having cleared off a billion pounds worth of debt and negotiated some of the biggest partnership deals in world sport, I'd imagine they're ready to sell up.
|
Usually what leveraged buyouts do isn't it? Cut costs, maximise revenues and then sell up. Looks to me that's where they're at, and the increased risks of failure on the pitch only offers them even more incentive to get out now.
As for the debt they've cleared, a couple of hundred million at most off the club's bond debt, and you can be sure the 270 million they shifted and hid a few years ago will have been paid off with their own debt. Half of the 6 have wanted to sell for a few years, and the failings of the team and uncertainty can only add to that pressure.