The People's Forum: The rules stink but I'd guess

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The rules stink but I'd guess

Posted by Chris78

on March 31, 2023, 7:59 am, in reply to "Utd are £1bn in debt. How is that not against some rule or other?! nt. "

Lots of that is debt from the original takeover, their yearly spend in relation to turnover is probably within the rules. Perhaps another factor is other clubs are better creative accounting?

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Sure, but how can they be allowed to spend annually with that kind of ongoing debt? nt - Rainhill Runaway March 31, 2023, 8:04 am
- It’s the cost of servicing it that’s relevant in terms of the rules - machine March 31, 2023, 8:18 am
  - Yeah, I understand about keeping up on payments... - Rainhill Runaway March 31, 2023, 8:22 am
    - The leveraged buyout is for ‘reasons’ not treated as an expense so doesn’t count towards a loss - machine March 31, 2023, 8:30 am
      - ...which is why it's all bullshit, really. The rich just get richer. nt. - Rainhill Runaway March 31, 2023, 8:33 am

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