Tag: glazers

Man Utd to refinance

News story this morning about how the Glazer’s have given notice on their money borrowed from hedge funds.

Read more about the story here: –

https://news.bbc.co.uk/sport1/hi/football/teams/m/man_utd/9192771.stm

It’s interesting because the interest payments on the debt have been putting a huge strain on Man Utd’s ability to spend money. A case in point in the following sentence: –

“Earlier this year the rate rose to 16.25%”

I’m aware that raising finance in the current market is tough and rates can be …