Do you see Man U go completey bust in the near future ?

It's a stark possibility.

Although the debt belongs to the Glazers he did take out a £504m bond issue to help raise enough revenue to pay off his debts. It failed.

So now Glazer has the original debt PLUS the PIK notes which he's failed to repay on time and now the banks have hit him with a 16.25% interest rate which business experts have labelled as 'suicidal'.

Man Utd FC is currently worth £1.5bn as an asset (i.e. players, staff, stadium, merchandising empire etc.) IF by 2017 (that's when the PIK debt matures) the Glazer Family has not been able to raise enough money to repay their outstanding debt the banks will seize all assets belonging to Glazer and sell them off. Currenty MUFC is the only 'asset' that Glazer owns that makes any money (But not a profit. Sadly the outgoing expenses overshadow the incoming, which is why money from competitions such as the UCL is so important to their repayment plan, again labelled as suicidal by FT experts)

Man Utd, the club, the players, the stadium could be sold off to repay the £1.2bn debt expected amount when it matures in 2017. One of two things could happen;-

- Man Utd could be sold for a pittance to a like minded football investor who could continue the running of the club but depending on whether the stadium was sold would have to relocate the club to another area. This is more likely as the banks would probably sell the club on the cheap in order to raise the outstanding monies.

- Man Utd could be sold to a company wholly removed from football (i.e. WalMart) who would use Old Trafford for other means besides football. If this happens MUFC would officially cease to exist. The fans may carry it on but the 'new' MUFC would have no official connections to their former club.

I hope not and hopefully the Yanks will pull out before the debt drags Utd under! But it will only take a few seasons without success to have a real big impact on Utd's income...Just 1 or 2 percent is a huge amount of money for a big business... unfortunately a lot of Utd income comes from its global market built up on SKY and them fans are not so loyal when times are tough..

Should never have sold to the Glazers. I remember the day it happened thinking I should jump on the tram and go to Old Trafford. As are all United fans I'm dreading the day Fergie leaves.

Thats like asking if liverpool will go bust. It will never happen too many fans for both teams to allow it to happen. A great club isnt one manager which is why i dont think man utd are a great club yet

I think someone will come in a buy eventually. I can't see us going bust. I'd cry if we do :'( Hey, Man City neighbours, fancy sending some wonga our way? Pretty please? =]

OQ: Of course I will! I'd fall into a deep pit of depression without my club... Ok, maybe not quite that dramatic, but ya get my point :P

no they will not go bust , but they do need to sort out the debt very soon

Still a happy bunny from our game

doubt they go bust....but the Glory days are definitely Over....and i've it from source that Fergie is going to retire end of this season.....

I hope they crumble.Nobody likes man united

i hope that