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United and the new increase in PIK Interest


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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Owen targets club management – thanks to Sir Alex


When Michael Owen was pulled out of the hat by Sir Alex Ferguson this time last year, the general consensus was that the former England striker was being given a final chance to resurrect his injury riddled career. That’s not an opinion which sits well with him however “The amount of injuries I have had is exaggerated” he insists “it can be annoying but you learn to live with it.”
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A ‘Little Pea’ in the large Manchester United pod


The £1.2m Sir Alex Ferguson paid Leeds United for Eric Cantona way back in 1992 is widely regarded as the best deal ever negotiated in the Premier League. The shrewd Manchester United manager may now have hit the jackpot again with the £7m acquisition of Mexico striker Javier Hernandez, himself admitting that “On the back of his performances in South Africa, a lot of teams would have been after him and he would probably have cost us two or three times as much”. In addition to that, the club website received 50,000 new registrations from Mexico alone within 24 hours of announcing his signing from Chivas de Guadalajara in April ensuring that plenty of number 14 shirts will be bought by Mexicans this season.
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