Robbo
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http://news.bbc.co.uk/sport1/hi/football/7659077.stm
I actually agree... for once!
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Cosmo
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Registered: 29th Mar 01
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Arsenal are in more debt than us, so that article can GTF.
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Robbo
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We have a new stadium to show for it though, so i guess they don't really count us as an indebted club :S
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Cosmo
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Surely what the debt is spent on makes fuck all difference?
At the end of the day the main concern is being able to pay any debt you may have - which for us and you lot isnt a problem at the moment as its manageable. Chavski are OK whilst moneybags is about too.
United are the ones who cant cover their debt repayments (have rolled over a lot of yearly repayments in last 2 years and increased overall debt amount.
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Robbo
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Dunno but whenever anyone talks about indebted clubs they always exclude Arsenal... I presume they include Liverpool for the debt the owners took to buy it? I don't really know much about that tbh
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Cosmo
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They do always exclude you, they shouldnt though 
No problem them including us, as technically we are in debt. Although the only amount that is secured against the club itself (rather than the holding company they used to buy us) is what was for the initial building work for the new stadium - and due to it being delayed that hasnt been drawn down yet.
[Edited on 08-10-2008 by Cosmo]
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Robbo
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So pretty much same as us... i guess they just think debt + foreign owned = bad
But I do agree in terms of Chelsea certainly and partly Man Utd etc... we had no chocie but to go into ebt to further ourselves as you guys will be when you get your stadium and i dont thin kthye should oppose that but Chelski/Pmpey types certainly I think is worng
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Cosmo
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At the end of the day, if clubs dont go into debt somewhat and take that risk then we'll have even more of an unbalanced league where the same clubs who have the big following and big income from CL, etc. will win everything and the others will win fuck all and have no chance of ever breaking that trend.
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Hammer
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Registered: 11th Feb 04
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We owe the bank 3 million quid, a mere pittance 
Probably why Arsenal are trying to pinch our Chief Exec the cunts 
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Robbo
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One of the Vodafone CEOs quit in expectation of becoming the Arsenal CEO and didn't get it
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Nath
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Registered: 3rd Apr 02
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Took you 2 posts to mention United, you're slipping Cosmo.
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Cosmo
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quote:
Originally posted by Nath
Took you 2 posts to mention United, you're slipping Cosmo.
Meh, I was going to wait and see what Marc and Armchairyan had to say but couldnt hold it in!
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Nath
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Lame.
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strick206
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I know united are in a lot of debt, but cosmo you claim to know a lot about united and considering they are a private company they don't need to release much to the public, so hard to know how they are structuring things currently
Liverpool will also be in a hell of a lot of debt when they give the go ahead to the stadium, currently they can't even get the money to build it nevermind actually have the money themselves
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Cosmo
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quote:
Originally posted by strick206
I know united are in a lot of debt, but cosmo you claim to know a lot about united and considering they are a private company they don't need to release much to the public, so hard to know how they are structuring things currently
Liverpool will also be in a hell of a lot of debt when they give the go ahead to the stadium, currently they can't even get the money to build it nevermind actually have the money themselves
You always say this, but when reputable sources are giving the same details of the deal (plus a fair amount official is leaked through numerous sources) its not hard to get your hands on the details. Accounts always have to be filed and can be accessed by the public - only difference is its a while longer than a PLC would have to.
And the same goes for Liverpool, and infact always has been the case due to never being a plc. And just to correct you - we could get the funding if we wanted, its just the cost of this funding would be huge!!!
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Nath
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Registered: 3rd Apr 02
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Liverpool FTW
United FTL
Predictable.
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Tom
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Registered: 3rd Apr 02
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quote:
Originally posted by Nath
Liverpool FTW
United FTL
Predictable.
Predictable tbh 
BTW Platini getting his two pence in for a change.... this time more about foreign ownership etc..
http://news.bbc.co.uk/sport1/hi/football/7660347.stm
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Hammer
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I noticed Platini singled out everything Liverpool that had absolutely fuck all to do with debt, like how many foreign coaches and player's they have.
What a complete and utter cunt
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Nath
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Platini is the biggest prick in football. I'd love to smack him in the mouth.
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Robbo
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quote:
Originally posted by Nath
Platini is the biggest prick in football. I'd love to smack him in the mouth.
Talladega nights stylee
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Rob_Quads
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Registered: 29th Mar 01
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I think there are different tyres of debt. OK debt is debt but it depends on what plans you have to get out of it and how you got into it.
Arsenal went into debt having a very specfic structured plan to repay that dept and so far its proved to have follow that plan very well.
Then there are other teams who have racked up dept buying and buying players 'hoping' this would get better results to get more money but thats a very big risk to be taking
ManU - Think its a bit of a strange one - that said I think thier US owners are some of the best out there, just letting Fergie get on with the football side of things and not butting in like many of the other 'owners' have been doing recently.
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