Mark Critchley on Muck Rack

Mark Critchley

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Manchester
As seen in: The Athletic, MSN Ireland, The New York Times, IndyBest, The Economic Times, The Independent (UK), The Times of India, Yahoo News, Yahoo News UK, Yahoo Singapore, Bleacher Report and
@TheAthleticFC | mcritchley@theathletic.com
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Articles

Manchester United have added $125m in long-term debt. What does it mean for the club?

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By Mark Critchley , Laurie Whitwell , Chris Weatherspoon
| The Athletic
For the past two decades, debt has been a four-letter word at Old Trafford in more ways than one. Ever since Malcolm Glazer’s controversial £790million ($1.06bn at today’s rates) takeover in May 2005, Manchester United’s level of borrowing has incensed their supporters and burdened the club’s operations through at times astronomical interest payments. A new $550million bond was instead issued at a higher rate of 5.36 per cent, meaning yet more expensive interest payments in the future.
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Manchester United take out further $125million in long-term debt

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By Mark Critchley , Chris Weatherspoon
| The Athletic
Manchester United have taken out a further $125million in long-term debt following a refinancing of borrowings related to the Glazer family’s 2005 takeover. A filing to the U.S Securities and Exchange Commission (SEC) confirmed on Friday that United have restructured their $425m senior secured notes, which were due for repayment next year. The refinanced debt now amounts to $550m, at a higher interest rate of 5.36 per cent. The previous rate, secured in 2015, was 3.79 per cent.
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Manchester United take out further $125million in long-term debt

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By Mark Critchley , Chris Weatherspoon
| Breaking One
Manchester United have taken out a further $125million in long-term debt following a refinancing of borrowings related to the Glazer family's 2005 takeover. A filing to the U.S Securities and Exchange Commission (SEC) confirmed on Friday that United have restructured their $425m senior secured notes, which were due for repayment next year. The refinanced debt now amounts to $550m, at a higher interest rate of 5.36 per cent. The previous rate, secured in 2015, was 3.79 per cent.
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