Man Utd's financial challenge (go back to the homepage) The Observer reports that Man Utd no longer are as solid as one would expect. Creditors doubts the clubs abillity to keep head over water and hold their obligations. Worried lenders sell on Man Utd debts at knockdown prices. Sales of loans, taken out by the club, is now sold at deeply destressed prices as they grow concerned about the abillity to heavilly indebted companies to meet interest payments through a recession. Despite enjoying one of the best seasons on the pitch, with five trophy wins still in prospect, Man Utd's financial future looks far from rosy. Huge amounts of depths were heaped on the club's books as part of a private equity style buyout led by US entrepeneur Malcolm Glazer in 2005. Discussion about refinancing loans through securations in future gate receipts have been shelved, as the market for such products has in effect closed. With unemployment levels rising, one in four season ticket holders all over considers dropping their ticket for next season and just go to the most interesting games. Merchendise sales will decrease world wide and the resession will in full be seen for the start of the 2009/10 season. Clubs such as Portsmouth and West Ham are in big trouble, but other clubs heavy in depth could see a much colder futhre ahead, despite good results on the pitch.