bluemoondays said:
Could we be talking Rangers style meltdown in a few years?
Imagine them having to restart as Trafford United and Manchester United goes the way of Royal Engineers, Old Etonians, Glasgow Rangers etc :D
Feb 2017 is a key date as this is when the bonds that were issued to re-finance the club's debt mature. But the IPO strengthens Utd's position even if it leaves 3/4 of the debt intact.
This is the 3rd time that the Glazers tried to float the club, and when it was first talked about they were talking about raising a half a Billion plus and eliminating the entire debt, but if it goes through it will be just £75mill that will be used to pay off a chunk of their debt leaving the majority intact. But debt repayment is always good
The green and yellows wont be happy because it strengthens the Glazers hold on the club.
It's a goodish result for us as it's not a solution for Man Utd. The ideal scenario for me would have been that the share issue failed entirely. Still possible that that could happen