I think someone on here was saying that atm we are only paying off the interest. But I honestly don't know. Someone also said that under the terms of the bonds we have to keep @ £100m in the bank. Again I don't know how true that is.I would be very surprised if we where only paying off the interest, if that is the case then the question would be what are we doing with all the extra cash we get that the stadium is generating if it is not going towards capital repayment. That would require a big explanation considering the interest is relatively small.
If we do get to a situation where by we have capital repayment issues then the bonds would be rolled but probably at a high coupon.
Rolling the bonds on to some undetermined date is a very bad idea, leads to more interest and less money to invest in the team.