Manchester United's controversial €575 million bond issue has been over-subscribed, meaning the club will be able to pay off nearly all of its outstanding debts of €580 million.
The scheme brings United's annual interest payment up from €46 million to €51 million but frees the club from many of the financial restrictions imposed by lenders.
United officials, including chief executive David Gill, have been on a whistle-stop world tour to drum up interest in the bonds, which will run until February 1st, 2017.
Plenty of doubt was cast over the prospects of controversial American owners the Glazer family being able to sell the bonds in a difficult market, and there were others who suggested the interest rate would have to hit nine per cent in order to achieve their target.
In the end, €285 million sold in sterling has been pinned to a rate of 8.75 per cent, with the remainder in dollars going for 8.375 per cent.
It means the overall outlay will amount to just under €51 million in interest during the course of the bond, money that will come out of group operating profits, before depreciation and amortisation of intangible fixed assets, that are currently in excess of €104 million.
That figure is not touched by either the world record €91 million sale of Cristiano Ronaldo to Real Madrid, or the current interest bill of €47.8 million lodged against the club, that is actually due to rise because of the bond.
A spokesman for the family claimed the deal brought a "transparency" to United's finances for the next seven years.
The situation is not totally straightforward given the numerous clauses within the prospectus issued for the bonds, which appear to be aimed at allowing the Glazer family to take €80 million out of the cash raised by the club to set against the controversial payment-in-kind notes, whose interest is due to rise to an eye-bulging 16.25 per cent next year.
However, the idea is clearly for the Glazers to reduce their overall interest bill, rather than just United's. And by converting the money owed to banks into a bond, it means the club will be free of the potentially strict financial conditions imposed by lenders.
Critics will argue that the only reason big investors are interested is because of the interest rates and that in order to guarantee payment, United have had to confirm they would be willing to sell their Carrington training complex and iconic Old Trafford stadium.
The vociferous anti-Glazer faction among the United support will not be won over though and have launched a green and gold 'Love United Hate Glazer' campaign ahead of Saturday's game against Hull at Old Trafford.
Professor Simon Chadwick, head of sports business at Coventry University, said: "On the positive side, it effectively cuts Manchester United's owners some slack. They are released from the strict terms and conditions that accompany bank loans.
"That could mean some leeway for making new signings, and the annual interest payments will be fixed so there will be more stability up to 2017.
"On the negative side they have stalled on some difficult decisions that they will have to take in seven years' time when the bond offer matures.
"Annual interest payments will be higher - €51 million as opposed to €46 million a year.
"They need to build revenue streams to deal with this in 2017 and get rid of the debt or refinance again."