Wesdude
Legacy Member
Manchester United’s bond issue is falling apart almost as quickly as it began, with institutional investors ditching the notes and forcing prices to fall. The bond issued by the club, which raised £504 million last week, fell to a low of 93.4 pence in the pound at one stage today as investors sold on fears of United’s financial standing.
“Manchester United’s future is deeply worrying. United will never realistically be able to pay off the debt. And with the imminent retirement of Sir Alex Ferguson, we are close to a tipping point where declining fortunes on the field could lead to a loss of revenue which could cause the debt burden to spiral out of control.”
The solution, says Marshall, is a fan-led takeover, leveraging – in the best possible way – more than 300 million supporters worldwide to build a sustainable community project. He cites the fan-owned principles of Europe’s largest and most successful clubs as a model for the future.
Glazer bonds ditched as investors call for fan takeover | United Rant
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