Needed something to distract me and found this on the BBC website - Business news:
However, it is the level of debt that will be of concern to some United fans.
Red Football Joint Venture made interest payments of £68.8m on total loans of £692m in 2007-08.
The senior debt of £511.6m is secured against the club and its assets.
Sell-out games at Old Trafford have filled football club coffers
When the Glazers borrowed in 2005 to take over the club, some £152m was loaned originally by hedge funds at a 14.25% interest rate. These "payment in kind" loans are now worth £175.5m and are secured against the Glazer family equity.
"On a group basis, the debt to the hedge funds is soaking up the profits from the club playing side," said Mr Philp.
"The intention would have been to try and renegotiate those loans, but the current financial circumstances have made that difficult.
"That debt is a ticking time bomb that they have to pay off."
However, it is the level of debt that will be of concern to some United fans.
Red Football Joint Venture made interest payments of £68.8m on total loans of £692m in 2007-08.
The senior debt of £511.6m is secured against the club and its assets.
Sell-out games at Old Trafford have filled football club coffers
When the Glazers borrowed in 2005 to take over the club, some £152m was loaned originally by hedge funds at a 14.25% interest rate. These "payment in kind" loans are now worth £175.5m and are secured against the Glazer family equity.
"On a group basis, the debt to the hedge funds is soaking up the profits from the club playing side," said Mr Philp.
"The intention would have been to try and renegotiate those loans, but the current financial circumstances have made that difficult.
"That debt is a ticking time bomb that they have to pay off."