Date: 16th November 2010 at 4:38pm
Written by:

It`s only money!

Some figures being banded about by the tabloid press might seem pretty impressive.

Seemingly, our holding company, Red football Joint Venture, are intending to settle the entire payment-in-kind debt next week as it carried an annual interest of 16.25 per cent.

Now that might well carve a huge chunk of our debt but before we all go slapping ourselves on the back the bottom line remains that there is still a huge chunk of debt out, namely the £526 million bond

Nevertheless, our Chief Executive David Gill doesn`t seem to concerned with his latest quotes suggesting,

“We still have cash to invest in players and to give good contracts to players and we are comfortable with the business model”

I have to say all this goes over my head, I think I`ll just concentrate on the football side of things!


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