SPAM und Nonsins ... » Jaeger OMeara and Dion Prestia depa

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. 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Axed Fremantle midfielder Michael Barlow agreed to join Gold Coast on Tuesday, the final day of the first AFL delisted player free agency period.The 28-year-old was widely viewed as the pick of the delisted free agents on the market and chose the Suns despite reported interest from Adelaide.Former Crows utility Ricky Henderson also found a new AFL club, the 28-year-old agreeing to join Hawthorn.The signings follow Essendons move to bring back top-up players James Kelly and Matt Dea as delisted free agents on Friday.Barlow is the latest arrival in a busy off-season for the Suns that has netted Pearce Hanley (Brisbane), Jarryd Lyons (Adelaide) and Jarrod Witts (Collingwood) and seen Jaeger OMeara and Dion Prestia depart.The opportunity that arose and the presentation Marcus Ashcroft and Rodney Eade put to me was at the high end and the demographic of the group as well, Barlow said.Im just super excited to come to a group that sees real worth for my attributes.Were going to have four picks inside the top 20 and some players that showed some real growth last year as well as the inclusions of guys like Lyons, Hanley and Witts.Barlow played 126 games for the Dockers across seven seasons after being elevatted off the rookie list.ddddddddddddHe racked up a career-high 43 possessions against Port Adelaide this season before he was a casualty of Ross Lyons list overhaul.News of Barlows signing came on the same day Gold Coast agreed to let former 15th overall pick Jarrod Garlett out of his playing contract to return home to Western Australia.It follows Prestias exit, the messy departure of OMeara and the shock news skipper Gary Ablett was keen to be traded back to Geelong .But Barlow is comfortable with his decision, having sought the counsel of several Suns players.Theres a real excitement around the group speaking to guys like David Swallow and Michael Rischitelli, he said.They cant speak highly enough of where this clubs going and the dynamics of it internally.Theres perception but then theres reality, and I take what Rischitelli, (Matt) Rosa and all that tell me on face value and cant wait to crack in and enjoy becoming a Queenslander for at least the next two years.Axed players still have two delisted player free agency periods and Novembers drafts to find new AFL clubs. 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