I don't think he can actually

His actions have to be in good faith in the best interests of the company. There's no benefit to Man Yoo in having a new debt of ?500m without actually getting their hands on the money!

Anyway, company law not really my field. But I'm pretty sure it's not as simple as him just being able to say "my debts are now Man U's debts"

Posted By: Old Git on May 13th 2005 at 10:39:43

Message Thread

Can one of you City types (Tricky?) explain how it is that Glazer's takeover (Other Football) - Old Git, May 13, 10:20:51
- he can settle his personal debt on the company (Other Football) - Brendon Fearon, May 13, 10:37:15
  - it's not all random debts of his (Other Football) - Brendon Fearon, May 13, 10:53:36
    - oops - meant to reply to og (n/m) (n/m) (Other Football) - Brendon Fearon, May 13, 10:53:59
  - I don't think he can actually (Other Football) - Old Git, May 13, 10:39:43
    - I think when every city expert says he can do this then he probably can nm (n/m) (Other Football) - earlydoors, May 13, 10:55:03
- well i'm not a city type but from what i can gather (Other Football) - dantheman, May 13, 10:28:54
  - As I understand it... (Other Football) - Braindrain, May 13, 12:37:32
  - And therefore... (Other Football) - Jono, May 13, 10:31:41
    - yep, could sell the whole team if he wanted to (n/m) (Other Football) - Gus Poyet 26, May 13, 10:32:34
- I'm not yer man I'm afraid (Other Football) - Tricky Hawes, May 13, 10:28:04
- he can do what he wants now, he owns the place (Other Football) - Gus Poyet 26, May 13, 10:26:44

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