Manchester United Message Board
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Cheers Tetley and Teeesspee for considered answers.
However, the bond interest costs actually means Utd will no longer make a profit after interest payments. So in order not to go further into debt all purchases would have to be financed by player sales.
Your not on your own the majority of Premiership clubs are running at a loss. Clubs need a reality check before there are more Pompeys.
AP, second para - you would be right except the plans outlined in the prospectus for the bond issue makes it quite clear that additional borrowings of up to £75m has been sanctioned, this facility has already been put in place and its cost structure is known - which includes amongst other things a percentage payment on the undrawn facility (£75m - what's borrowed) as well!!
It's after this £75m is used, that player sales or other means of obtaining the finance without borrowings will need to be explored.