nmc
Well-Known Member
Perhaps some of the financial gurus on here could comment on whether United with their present borrowings - plus other monies it is assumed the Glazers have borrowed against Man Uniteds assets - whether they have the financial option to borrow another 2 or 3 billion - I’m sure with their income they could make bond repayments but would the financial markets react favourably to them having debts of 5 to 6 times their annual income ? That’s why I think Scuffy Jim is floating this idea - he knows their no direct public money but he’s hoping for tax breaks and a few development grants etc. and they’ll create a separate (shell) entity (registered in the Cayman Islands) building a Wembley of the north and then funding it privately with a guarantee of games from the FA and UEFA - (Gill will be greasing a few palms) - and United will get a new stadium with the costs not on their books but with an annual fee to play their and no costs associated with the stadium or its upkeep on their books. No doubt that entity will go bust in a few years but no one will really care and United will take on the assets and liabilities for £1.