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’For corporate bonds, a week is an eternity
“Corporate markets head for indigestion”, was the headline last week for a bleak prognosis:
After the busiest start to any year for sovereign emerging-market debt, it’s corporate bond investors around the world who now seem to be heading for a massive case of indigestion,
Sportonomics – Manchester United edition
From Standard & Poor’s. Emphasis ours:
Manchester United term debt was better bid today after the company confirmed it had received a world-record £80 million offer for footballer Cristiano Ronaldo from Real Madrid.
Football hyperinflation
Is this for Real?
2003
Ronaldo became Manchester United’s first-ever Portuguese player when he signed for £12.24 million after the 2002–03 season.
2009
Manchester United said on Thursday they have received a world record 80 million pound ($131.2 million) bid for forward Cristiano Ronaldo from Real Madrid.
ManU’s new sponsor
Someone finally put together the graphic:
Financing football
Nothing beats a shock result in football. But for the financial backers of the game, surprises are about as welcome as English hooligans in continental Europe, says Lex. Stability is vital when trying to securitise cash flows based on future ticket sales,