UK Gov debt =~ 1000 x Manchester United's debt

[minestrone]

U Twat!

Anyway, a team with Eduardo in it deserves to have stupid fans.

[minestrone]

U Twat!

If you search the forum for eduardo and dive you might see why there is no love lost when it comes to matters between myself and him on the subject of Arsenal. Nowt more than that.

[Doggy Styles]

Dear God, I hope you have a good accountant.

Man U essentially bought themselves, they paid out the shareholders and put that on their debt. The club is worth 700 million, they have a debt of 700 million, that is even.

Arsenal are owned by shareholders and yet have a debt of 300 -400 million. That is what I called 'pure debt'.

I fully expect some half arsed "I do not understand" reply I have come to expect from yourself. We can go down to "If Mr Baker buys the bakers" if you really want.

I thought it was Malcolm Glazer's debt, rather than the club?

[FiveTimes]

I thought it was Malcolm Glazer's debt, rather than the club?

No the debt was transfered to the club (I think)

[TroubleAtMill]

No the debt was transfer to the club (I think)

Standard practice, so any profits (and Man U is certainly profitable) is wiped out by the interest on the loan so no corporation tax is payable.