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Post by stockslave on Jan 20, 2010 22:10:32 GMT
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Post by malcolm on Jan 20, 2010 23:40:52 GMT
I have a friend who's a season ticket holder at Manchester United, £700 with a 11% increase on the way. I keep telling him about the bottomless pit that he's pouring his money into. ;D
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Post by stockslave on Jan 21, 2010 4:23:54 GMT
How on earth do they manage to run up debts of this magnitude when their charging their season ticket holders that amount?
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Post by malcolm on Jan 21, 2010 23:07:22 GMT
The club was actually debt free and very profitable once but the Americans who bought the club in, I think 2005, did so by borrowing the money and transferring the debt onto the club. It's costing the club £69 million in interest a year!
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