The Doom mongers are circling over Old Trafford like vultures trying to create a story where I really don’t see one, this talk of financial catastrophe at the Theatre of Dreams is being blown out of proportion, this morning on a call in radio sports show I heard it said that the balance of power in Manchester has now shifted to Manchester City.
What a load of rubbish, Utd sit second in the premier league a single point behind Chelsea, are in the semi final of the league cup and are in the last 16 of the Champions league.
Season tickets are sold out and there is a waiting list, add to that the fact that they play to a full house every single home game, I’m not even going to go into the realms of world wide merchandising or foreign TV rights.
As for the supposed servicing of the debt, Utd are up to date on all payments, and are currently raising a 500 million pound bond issue which I believe will succeed, that money will be used to re-finance the existing debt at a more reasonable rate of interest.
So before anybody starts writing Utd of I suggest they wait till the end of the season and then lets see where the power in Manchester lies.
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