Unfortunately as much as we like to point to United’s debt it is not actually an issue,
It was previously and they where lucky revenues (TV deals, sponsorships) rose at the rate they did.
The only question marks I see is whatever happened to the PIK loans and their is a reason they are in the Cayman Islands (a huge point if our accounts where there, we would never hear the end of it). However, they do give a lot of information to the stock market and that must be accurate.
However, it is obviously worse then investment and both should be allowable under FFP as long as it is financially sound to do so.
I would add I think Barca are heading into dangerous times and it will be interesting to watch.
Without doubt there will be some sort of investment that will somehow be allowed within FFP.