First of all we must remember Manchester United did not get the full 80 million pounds for the sale of Christiano Ronaldo, the club got only 70 percent, Romaldo got 20 percent and the agent got 10 percent. The balance has been used by the Glazers to pay the bank heavy interest. The G;azers if not careful will have to pay a huge amount of 1.1 billion pounds,, by the year 2017. They took a loan of 138 million pound in 2006 to buy Manchester United. The interest was first only 14.25 percent but due to breaking of fiscal rules , the interest has risen further by a another two percent, or 16.25 percent. So the 588 million pounds will now be 662 million punds. All because the Glazers in their great wisdom were not in a hurry to pay their mortgage early. And the amount will keep increasing each year. No wonder The Red Knights have more wisdom, and have decided to keep their hands of Manchchester United.
Eric Cantona told the Glazers in 2006 . Go and buy the Cocoa Cola company.
No comments:
Post a Comment