Re: Manchester United Supporters Thread.
I hope this makes sense...!
Before the Glazers took over United, we weren't in debt and everything seemed good. When they took over, they 'remortgaged' the club to cover their outlay, and so the debts and loans they had to buy the club became the problem of the club.
With the interest rate on our debt, it's gradually crept up to a scary number. It'd probably be even worse if we hadn't been successful in the last few years...
I think the reason why it's in the news again now is that our annual figures have recently been released, showing that we made a profit of £48m last year. Which means that if we hadn't sold Ronaldo we'd have made a £30m loss. If you're not making a profit how are you meant to get out of debt?
Along with that, there was news that we're looking to take out a £600m bond / loan (that has a lower interest rate) to try and reduce the debt.
So from that, the media are speculating about Rooney being next in line to be sold as he's the only player likely to bring in a huge amount of money.
What makes it more annoying (as a fan), is that the Glazers also took a personal loan of around £10m to help pay agency, solicitor fees etc.
That's why we want the Glazers out. Think we'll have to pray for a nice sheik or Russian oil baron to come in and buy them out, otherwise it'll be a case of 'Can the last person out turn off the lights...'