Wednesday, May 19, 2010

Will Rise in Interest Rates Stop Manchester United Spending Over Summer?

Questions are being asked about whether Sir Alex Ferguson will have much money to spend over the summer.

Manchester United are facing a huge rise in their interest rate as debts continue to spiral at Old Trafford. It is being reported that the Reds could face £75million extra debt on top of the £716m arrears Red Football Ltd, the Glazers' holding company for Manchester United, registered at the start of the year.

The interest rate on United's loan of £220m will increase from 14.25 per cent to 16.25 per cent.

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