Rammyblues
Well-Known Member
Just an ARF. What a woman Karma is.
But that makes no sense.
Let's say you have a £300k mortgage and earn £75k. You still spend that £75k you get paid every year. Would you really suggest the mortgage company would tell you to stop buying things until you've paid off your mortgage.
No. What I suggested is the way mortgages have worked for 160 years.And that is exactly what caused the financial crash we are still recovering from. We were all encouraged to spend more, the banks gave 120% mortgages, we were encouraged to buy new cars have more holidays and then suddenly people couldn't pay for all the borrowing. If we go onto dominate with Liverpool Chelsea and Arsenal sorting out the other three places, the rag cash machine stops spewing out money and they struggle to pay the debt.
Yes they are, but there has been some criticism of the failure to pay it down and reduce the interest bill. The Glazers answered this by promising to apply half the proceeds of the NYSE sale to the balance sheet. In fact, so far they have pocketed the lot. Note, the shares they have been selling are NON VOTING. Ha, there's morality for you.No. What I suggested is the way mortgages have worked for 160 years.
United are servicing the debt and thus can soend what they like. They won’t have a financial issue any time soon such is their commercial power.