More on the bond that Man United are set to issue

http://www.bbc.co.uk/blogs/mattslater/2010/01/fergies_bond_is_a_bind_for_eve.html


I really liked the following lines


"The truth of it is that there are very few "business models" in British football (Arsenal's springs to mind as an honourable exception). Proper businesses are not based on endless supplies of free money, whether that money comes from old-fashioned banks, clever-clever hedge funds, Arab sheikhs or Russian oligarchs. There is no such thing as free money. It always runs out or gets bored and goes home in the end.

Why Manchester United cannot spend anymore

a really detailed analysis on how the loan noose is tightening around the red devils

http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/01/can_man_utd_spend.html