It’s only a matter of time according to savvy investors. Manchester United’s £250m of 8.75 percent notes due 2017 have gained 5.59 pence since February 8 amid media speculation that the club is in talks with Qatar Holding for a sale. The Arabian Business.com website reported today that “Bonds of Manchester United rose to a record high amid speculation the 18 time English soccer champion may be sold to the Qatari royal family.”

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Former Manchester United goalkeeper Mark Bosnich believes that the Wayne Rooney saga was all a sham stage managed by Sir Alex Ferguson to put pressure on the Glazers into freeing up more money for him to bolster the squad. The now retired Australian who spent five years under Ferguson in two spells at Old Trafford told the Fox Sports channel that in his opinion “Sir Alex basically played a very, very smart move”

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Chief executive David Gill was proud to announce on Friday that Manchester United has become the first English club to crash through the £100million profit barrier “These results show record turnover, record operating profits and exceptional growth in our commercial activities. We will continue to concentrate on generating the resources to invest in the team and the club to keep us at the top of world football.”

Despite that glowing statement however, there was another record that Gill chose not to highlight. It’s the figure which shows that for the year ending June 2010 the club suffered record losses of £83.6million. So what does it all mean? Is United heading down the same sad Liverpool road as many fear or are “The Glazers good for the club” as Sir Alex Ferguson has said on numerous times?

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Why am I not surprised? It was always going to be THE headline. And sure enough there it was in The Sun on Wednesday, within a couple of days after the Wayne Rooney story broke. “Real Madrid To Offer Manchester United Forward Wayne Rooney Escape Route From English Press” it screamed before continuing with “Real Madrid president Florentino Perez could be set to offer Manchester United’s Wayne Rooney an escape route out of English football by tabling a massive offer for the striker, reports suggest.”

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Reports have surfaced recently indicating that the interest rates on Manchester United’s infamous PIK loans have increased from 14.75% to 16.75% because of an inability to repay funds owed to Citadel, Och Ziff and Perry Capital (the three hedge funds with whom the debt was originally taken out), as specified in the terms of United’s debt restructuring back in 2006. So what does this mean for United? Is the price to pay for this situation a scaling back of investment in new players or price hikes as we fans often fear? It’s probably best to start from the beginning to see where this could lead to.

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The signing by Manchester United of an unknown Portugese 2008 Homeless World Cup international has left the football world stunned by it’s audacity with fans scratching their heads asking who the hell is Bebe and where did he come from. In a revealing article on Portugal’s portugoal.net, United fans get an opportunity of discovering what makes Sir Alex Fergusons new signing tick. “The lowdown on new Manchester United capture Bebe – A fairytale move for the last of the street footballers” is one of the few romantic stories remaining in a mercenary world of football.
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