I am a Banana 0 Posted January 11, 2010 SSN revealed that manchester utd have to pay £50,000 an HOUR just to cover their intrest on their debts!!!!!! Share this post Link to post Share on other sites
newyorkcanary 14 Posted January 11, 2010 That is not true... 50k an hour comes out to 1.2 million per day. Or, 438 million per year. They are not paying 438 million per year to cover their interest.... Nope. Share this post Link to post Share on other sites
can u sit down please 0 Posted January 11, 2010 If they continue to trade as they are , in 7 years they will have £1.1bn worth of debt! Shame [:D] Share this post Link to post Share on other sites
thomasncfan 0 Posted January 11, 2010 They must be fairly in debt considering they are thinking about a bond issue for £500million to refinance their debts! Original Webpage Share this post Link to post Share on other sites
morty 0 Posted January 11, 2010 I thought that was the figure mentioned by Sky sports earlier too, guess they got it wrong!!On googling, it appears they pay about 60 mil a year on interest payments currently. Share this post Link to post Share on other sites
Google Bot 3,259 Posted January 12, 2010 Still works out at over 6.5k an hour, quite a bit of money that!! Share this post Link to post Share on other sites
Guest Posted January 12, 2010 [quote user="I am a Banana"]SSN revealed that manchester utd have to pay £50,000 an HOUR just to cover their intrest on their debts!!!!!![/quote]All you have to ask yourself with these big teams is, for all the players they''ve sold this season - Man U, Ronaldo; Liverpool, Alonso - have they replaced them adequately? If not, then perhaps the credit crunch is starting to hit more than the "smaller" clubs? Share this post Link to post Share on other sites
JF 694 Posted January 12, 2010 [quote user="I am a Banana"]SSN revealed that manchester utd have to pay £50,000 an HOUR just to cover their intrest on their debts!!!!!![/quote] No the amount quoted on there was £47,000 a MINUTE. Share this post Link to post Share on other sites
morty 0 Posted January 12, 2010 [quote user="JF"][quote user="I am a Banana"]SSN revealed that manchester utd have to pay £50,000 an HOUR just to cover their intrest on their debts!!!!!![/quote] No the amount quoted on there was £47,000 a MINUTE.[/quote]Lo, could they have been any more wrong? Share this post Link to post Share on other sites
Tangible Fixed Assets anyone? 0 Posted January 13, 2010 [quote user="newyorkcanary"]That is not true... 50k an hour comes out to 1.2 million per day. Or, 438 million per year. They are not paying 438 million per year to cover their interest.... Nope.[/quote]Dont let sports journalists near a set of Accounts....they haven''t a clue what they are talking about. Man Utd''s interest bill for the financial year ended 30th June 2009 was £41.9m. (source: Man Utd''s Accounts). Share this post Link to post Share on other sites
Tangible Fixed Assets anyone? 0 Posted January 13, 2010 [quote user="JF"][quote user="I am a Banana"]SSN revealed that manchester utd have to pay £50,000 an HOUR just to cover their intrest on their debts!!!!!![/quote] No the amount quoted on there was £47,000 a MINUTE.[/quote]more like £4.78k an hour Share this post Link to post Share on other sites
canarytim 0 Posted January 13, 2010 Our debts are that bad, we are deluding ourselves if we don''t realise. Any comparison to Man Utd is ludicrous.Read Mick Dennis''s column on Waghorn, if a company like Delloite''s are in volved it must be bad. Mcnally is trying his hardest to sort this mess out. Share this post Link to post Share on other sites
|BA 0 Posted January 13, 2010 [quote user="canarytim"]Our debts are that bad, we are deluding ourselves if we don''t realise. Any comparison to Man Utd is ludicrous.Read Mick Dennis''s column on Waghorn, if a company like Delloite''s are in volved it must be bad. Mcnally is trying his hardest to sort this mess out.[/quote]Ok, compare them to Palace, Derby, Coventry, Leicester, Scum, .....anyone you choose.The board have done well. Share this post Link to post Share on other sites
I am a Banana 0 Posted January 13, 2010 [quote user="morty"][quote user="JF"][quote user="I am a Banana"]SSN revealed that manchester utd have to pay £50,000 an HOUR just to cover their intrest on their debts!!!!!![/quote] No the amount quoted on there was £47,000 a MINUTE.[/quote]Lo, could they have been any more wrong?[/quote]nope i got it wrong it was nearer the £45,000 a second ouch! Share this post Link to post Share on other sites