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As Premier League football clubs prove on a yearly basis, having a lot of debt doesn’t necessarily mean you are a bad business.
Take Manchester United, it reportedly owes around 520m, but it still attracts over 75,000 fans a week, has a wealth of high profile assets and is regarded as one of the world’s most famous clubs.
UK commercial director Gerry Butler says the same applies to troubled US rental giant Blockbuster.
