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 said it has secured a new loan from Bank of America with far lower interest rates. United has refinanced 177.78 million pounds (

LONDON -- Manchester United announced Thursday that more than $290 million of its high-interest debt has been refinanced, cutting the clubs 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 per cent interest sterling bonds and $22.09 million of 8.375 per cent dollar bonds. The new loan from June 24 will have an estimated starting interest rate of around 2.78 per cent. Interest payments should come down from around 31 million pounds to 21 million pounds per year ($31.7 million), United said in a statement. United, which is owned by the American Glazer family and listed on the New York Stock Exchange, has approximately halved its total debts to 370 million pounds ($559.4 million) in three years. The refinancing package appears to indicate investor confidence in both the business and the first managerial change at Old Trafford since 1986, with David Moyes replacing Alex Ferguson. "It shows that the infrastructure is in place and the decision they made on the managerial front is viewed as, not negative, but positive," Majid Ishaq, managing director of financial advisory group Rothschild, told The Associated Press. "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 350 million pounds ($530 million) this season after earning a record 91.7 million pounds ($139 million) in the three months to March 31. Net profit more than trebled year-on-year to 3.6 million pounds ($5.4 million) 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. "Thats a big positive for investors." Nike MLB Jerseys China .C. -- After a listless first half, the Washington Wizards used a big third quarter run to beat the Charlotte Bobcats Bradley Beal scored 21 points and the Wizards used a 17-0 run in the third quarter to take control of what had been a close game and beat the Bobcats 97-83 on Tuesday night. Authentic MLB Jerseys China . They reached the 100-point plateau for the fourth time in five games, bested the visiting Trail Blazers by 34 in the paint and scored 19 of the final 25 points in regulation. . Varlamov made 33 saves and Ryan OReilly had a goal and scored in the shootout as the Avalanche beat the New Jersey Devils 2-1 on Thursday night. Cheap Nike Baseball Jerseys . Speaking to the Chicago Tribune at baseballs Winter Meetings in Lake Buena Vista, Florida, Boras called the former home of the Expos a "tremendous environment" for baseball. CHeap MLB Jerseys For Sale . Breaking three of his own world records on his way to winning in Paris, Chan silenced the critics and left the audiences standing in appreciation and awe. CHICAGO -- Detroit Tigers general manager Al Avila believes his current roster is good enough to reach the postseason and anticipates standing pat at the Aug. 1 trade deadline.Avila also praised manager Brad Ausmus on Saturday, but said any talk on picking up his option for 2017 or a possible longer extension wont be made until the end of the season.This is a team that can get us into the playoffs, Avila said from the dugout before the Tigers faced the White Sox. We just have to get the guys back that are injured. Weve got to stay healthy and weve got to be more consistent. I believe this team has the capability to do that, and we have a great manager to lead the way.In his third season, Ausmus was 215-205 heading into Saturday. Avila dismissed talk that the former big league catcher was a lame-duck manager because his initial three-year deal runs out at the end of the season. Theres a team option for a fourth year.Im not saying hes got to win to get the contract for the future years, but that `lame-duck tag is non-existent in baseball, Avila said.I think hes managed our bullpen tremendously this year, the GM added. You can go back and criticize maybe one or two games and question something, but theres always a reason. . Hes kept our bullpen fresh.Detroit entered Saturday 51-46, six games behind AL Central-leading Cleveland and within 2 1/2 games of Toronto for the final wild card spot despitee being without starting pitchers Jordan Zimmerman (next strain) and Daniel Norris (oblique strain).ddddddddddddBoth pitchers have begun minor league rehab stints. And outfielder J.D. Martinez has taken batting practice this weekend and is expected to return early next month.Those are going to be our major acquisitions, Avila said. Theres nobody out there better than Jordan Zimmerman if he comes back healthy. Obviously, J.D. Martinez and then Daniel Norris.I dont see us adding another starting pitcher or reliever at this point.Avila said it was unlikely the Tigers would become sellers at the deadline, barring a long losing streak. A year ago, then-GM Dave Dombrowski ended up trading ace David Price and slugger Yoenis Cespedes.Two very attractive guys can also push you into the mode of saying we can get a nice return, Avila said. We dont have that this year in those kind of guys, those kind of contracts.So Avila said while their intention to stay put isnt sexy, its the best way to handle a team looking to get back to the playoffs after a one-year absence.We have one of the highest payrolls in baseball and we put this team together in the wintertime thinking this team is whats going to compete and get us in the playoffs, Avila said. And were going to stay that course. Jerseys NFL China Cheap Adidas NHL Jerseys Wholesale Jerseys From China Cheap MLB Jerseys Wholesale China Jerseys NFL Jerseys China Discount Soccer Jerseys Wholesale Jerseys China China NCAA Jerseys Cheap Cheap Nike Dolphins Jerseys Cheap Nike Patriots Jerseys Cheap Nike Jets Jerseys Cheap Nike Bengals Jerseys Cheap Nike Browns Jerseys Cheap Nike Steelers Jerseys Cheap Nike Texans Jerseys Cheap Nike Colts Jerseys Cheap Nike Jaguars Jerseys Cheap Nike Titans Jerseys Cheap Nike Broncos Jerseys ' ' '

t123, 19.11.2018 10:30
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