But a splendid year for United. Treble 

Manchester United cut interest bill to boost their finances

Manchester United have slashed their interest payments with a new refinancing package boosting their finances.

Dealing though Bank Of America, the Premier League champions have cut their interest bill by £10million a year having have refinanced £177.78m of outstanding sterling bonds, on which they are currently paying a rate of 8.75%.

In addition they have refinanced approximately £17m of dollar bonds on which they are currently paying 8.375%.

United's present debt is £370million, the sum remaining from a highly leveraged takeover by the Glazer family in 2005.

The new loan from June 24 will have an estimated starting interest rate of around 2.78%. Interest payments should come down from around £31m to £21m per year United revealed in a statement.

Despite dire warnings of United's financial position since that time, the Old Trafford outfit have won five Premier League titles and played in three Champions League finals.

Majid Ishaq, managing director of financial advisory group Rothschild, said: "It shows that the infrastructure is in place and the decision they made on the managerial front is viewed as, not negative, but positive.

"They are in a position today where they have gone back to the market to refinance that particular part of the financing on very attractive terms because they have really delivered, and grown the underlying revenue and profitability."

United said earlier this month it is on course to generate more than £350m this season after earning a record £91.7m in the three months to March 31. Net profit more than trebled year-on-year to £3.6m in the third quarter.

"United is unique in that they have a great historic brand, and they have managed to derive value from that history and heritage in a very commercial way," said Ishaq, a football finance expert. "That's a big positive for investors."

With their commercial income rising rapidly, it seems United continue to remain one of the sport's heavyweights, shown last summer when they splashed out £24m on striker Robin van Persie.

It is believed new manager David Moyes will not be short of funds to spend should he wish ahead of the new season.

Sir Alex 99 Signings. decent read

http://www.manchestereveningnews.co.uk/spo...ignings-4002742

Manchester United today confirmed the departure of assistant manager Mike Phelan and goalkeeping coach Eric Steele.

David Moyes, who takes over as United boss on 1 July, said: "I would like to put on record the club's thanks for everything Mike and Eric have done. I will be looking to appoint my own members of coaching staff at some point in the future, however, I’d like to take this opportunity to give them both our best wishes for their future careers."

Executive Vice Chairman Ed Woodward said: "I'd like to thank Eric and Mick for the enormous contributions they have made to the success of Manchester United in their time here. Their professionalism, ability and diligence have been a credit to them. They are top class football men and everyone here wishes them well for long and successful careers in the game."

Mike Phelan, a former United player, was promoted by Sir Alex Ferguson to the role of assistant manager in 2008, having served the club as a first-team coach since 2001.

Eric Steele, joined the club in 2008 as first-team goalkeeping coach to fill the void left by Tony Coton who had been forced to retire due to injury.

http://www.manutd.com/en/News-And-Features...departures.aspx

confirmed from the official site, thank you Phelan and Steele for all the good work both of you had put through

What ?
So Moyes bringing in his staffs ?

https://twitter.com/piersmorgan

After all the grief I've given Van Pursestrings, he's allowed a whack back.
I'll just have to take it on the chins.