Man United refinances $290M of debt

May 23, 2013
By Associated Press
LONDON -- Manchester United announced Thursday that more than $290 million of its high-interest debt has been refinanced, cutting the club's interest costs by around $15 million a year.

Fresh from winning a 20th English title and undergoing an apparently smooth managerial succession, United said it has secured a new loan from Bank of America with far lower interest rates.

United has refinanced 177.78 million pounds ($269 million) of outstanding 8.75 percent interest ...

Read more

ESPN Conversations