The People's Forum: It’s the cost of servicing it that’s relevant in terms of the rules

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It’s the cost of servicing it that’s relevant in terms of the rules

Posted by machine

on March 31, 2023, 8:18 am, in reply to "Sure, but how can they be allowed to spend annually with that kind of ongoing debt? nt"

and as Utd, even with the Glazers’ mismanagement, is a cash making behemoth they’re easily able to meet the payment without making a loss in any financial year.

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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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Responses

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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