Manchester United debt hits £716m

[Peoplesoft bloke]

How on earth can they possibly be making a loss?

Ask Dodgy - it's what he calls "wealth creation".

[BrilloPad]

Why dont the fans just go and support another team? Or try watching another sport. I like watching the girls do beach volleyball.

Hmm. Watch football or beach volleyball. Tough choice. But football is far more popular. Is the majority of the country gay?

[swamp]

Bear with me, I don't follow football but...

Manchester United? The club everyone hates because they have more supporters globally than any other team?

The club whose shirts every other boy wears?

The club who changed its strip during the year so the fans would buy extras shirts?

The club that has millions of fans in China?

The club that was doing spectacularly well?

How on earth can they possibly be making a loss?

Because the chap that bought them (Glazer the man with beard), borrowed huge sums of money. Glazer then transferred his debts to the club and secured those debts on the clubs future earnings. Quite clever

Unfortunately to borrow all this money Glazer had to go to some pretty steep lenders -- hedge funds. They are charging a whopping interest and the debts are just piling up and are not getting paid off.

Last year Man U sold Ronaldo and made £80m, and they also won lots of trophies and they didn't buy any (expensive) players. They had a spectacular year football wise. But despite this they only showed a small profit (£40m), and their debts climbed by much more.

This year they have no players to sell. They may have to buy some players, and they may not win any trophies. If they don't get rid of their debts they may be banned from playing in Europe, and to cap it all their legendary manager is going to retire soon.

[BA to the Stars]

Could be worse, you could be a Pompey fan at this time

[AtW]

Or try watching another sport.

Do you like to watch boxing Brillo?