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Author Man Utd debt, Mr Craig 'let down' Stables, cavmad, Marc, Joe Cole etc....
Nath
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Registered: 3rd Apr 02
Location: MK
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20th Aug 10 at 11:57   View User's Profile U2U Member Reply With Quote
http://news.bbc.co.uk/sport1/hi/football/teams/m/man_utd/8931026.stm

[Edited on 20-08-2010 by Nath]
Marc
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Registered: 11th Aug 02
Location: York
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20th Aug 10 at 12:01   View User's Profile U2U Member Reply With Quote
Ooooh
Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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20th Aug 10 at 12:02   View User's Profile U2U Member Reply With Quote
Not a problem/Will never happen to us/ETC
Nath
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Location: MK
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20th Aug 10 at 12:04   View User's Profile U2U Member Reply With Quote
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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20th Aug 10 at 12:06   View User's Profile U2U Member Reply With Quote
One minute, didnt they do this bond issue so they could pay down the PIK loans?
Nath
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Registered: 3rd Apr 02
Location: MK
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20th Aug 10 at 12:07   View User's Profile U2U Member Reply With Quote
Edited the title.
Cosmo
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Registered: 29th Mar 01
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20th Aug 10 at 12:08   View User's Profile U2U Member Reply With Quote
Nice
Ben D
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Registered: 25th Apr 05
Location: South West
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20th Aug 10 at 12:13   View User's Profile U2U Member Reply With Quote
Could always get LET to refinance us?
Nath
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Registered: 3rd Apr 02
Location: MK
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20th Aug 10 at 12:14   View User's Profile U2U Member Reply With Quote
You mean LET's gran.
mwg
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Registered: 19th Feb 04
Location: South Lakes
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20th Aug 10 at 12:34   View User's Profile U2U Member Reply With Quote
Be reet.
Limecat
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Registered: 25th Jun 05
Location: The Internet
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20th Aug 10 at 14:11   View User's Profile U2U Member Reply With Quote
It would be AWESOME if they went tits up but sadly it will never happen.
strick206
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Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
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20th Aug 10 at 20:03   View User's Profile U2U Member Reply With Quote
So that's the PIK loans, as long as they don't whip that cash from the club to pay them i'll be happy the PIK loans are on their head
Cosmo
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20th Aug 10 at 21:37   View User's Profile U2U Member Reply With Quote
Of course they are going to use cash from the club for those loans, it's the exact reason they moved from heavily regulated bank loans to the bonds which had a clause allowing them to take huge amounts out.
strick206
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20th Aug 10 at 21:39   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Cosmo
Of course they are going to use cash from the club for those loans, it's the exact reason they moved from heavily regulated bank loans to the bonds which had a clause allowing them to take huge amounts out.


As long as it's taken out gradually and not detrimental to the club i'm not too fussed, prevents transfer funds etc then i wouldn't be happy
Cosmo
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20th Aug 10 at 21:49   View User's Profile U2U Member Reply With Quote
A few million here and there is agree wouldn't effect the club, but also wouldn't effect the PIK loans or payment of them. If they do anything it'll be a few big chunks which they could use to either pay down or cover interest payments so their own cash doesn't need to be used.

 
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