- May 20, 2005
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Thanks for that Joey.
I understood that much, but what I was really asking is that if Man Utd are crippled by debt why is it that they still spend big in the transfer market?
Profits will be come after transfer activity, so the clubs ability to be competitive shouldn't really be effective. They'd be looking to repay debt by inreasing prices, stream lining where they can and generating more income by growing in developing markets. The risk is, if this back fires, then it will start to effect their ability to compete in the transfer market, as their priority will always be to pay back debt. But, if in good hands, that shouldn't be a problem. But, the trouble is, the nature of business people is, that they think they are "good hands" until things go pear shaped.