Wednesday, November 17, 2010

Arsenal cut their debt



I choose this news because it is interesting. It show me that Arsenal has a lot of debt and they are paying every year. And Arsenal football club have make a lot of profit. it relates with my term paper topic.

Arsenal said it cut its total net debt from 332.8 million pounds a year ago to 203.6 million pounds.

In my opinion, It is good to return a lot of money to debt in one time. Because Arsenal does not need to pay a lot of interest.

http://uk.reuters.com/article/idUKTRE61P24220100226

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