Nath
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Registered: 3rd Apr 02
Location: MK
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http://news.bbc.co.uk/1/hi/uk/10237268.stm
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Marc
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Registered: 11th Aug 02
Location: York
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Beat me to it 
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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Could be worse, could be Liverpool
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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Give it time Matty G and you may be. You keep swinging you green and gold.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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I'm not going to bother any more, I'm just going to ignore it and hope it all goes away.
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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LOLZ
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Marc
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Registered: 11th Aug 02
Location: York
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Cosmo, do you remember saying how despite all this United will never go bust and someone will step in and buy the club?
Are you still of this opinion?
I'd provide screenprints but theres that many United debt threads 
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strick206
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Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
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Someone will always buy the club, same with liverpool, they are too big to go
Some of that article is wrong, stating ticket prices have gone up a third, which may be the case, but the article reads like it's a third since last year
The PIK loans aren't on the club as that states, the bond issue has given the glazers time to sort the PIK loans using money from the club, nothing really we can do about that
Personally i think they've got what they are doing under control, just they are playing with massive amounts of debt and it's getting too much publicity
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Nath
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Location: MK
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Plus it says they have £2bn worth of assetts.
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cavmad
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Registered: 25th Feb 06
Location: Fucking annoying, unfunny, twatbag cavmad *racist
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Disagree Strick and part of the problem with a lot of clubs is that they think they're 'too big' to go bust. Portsmouth thought the same (at least some of their fans did) and they're in the shit.
I don't doubt that if Abramovich ever gets bored of his toy and pulls the plug Chelsea could be in the brown stuff and the way Liverpool and Man Ure are heading there's no saying they are 100% safe forever.
I think some people are opening their eyes to football at last and realising it's NOT a business. This puts potential new buyers off and is the reason (imho) that United and Liverpool (amongst others) are possibly more susceptible to be in the shit because they're owned as a business rather than a 'toy'.
That sure as hell doesn't mean Chelsea and other clubs like that Man City for example) are safe but I'd be slightly more concerend if clubs are owned by businesses and banks than private parties.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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Doesn't mean they are safe, as any club could go tits up - but the likely hood of a united or Liverpool going bust is slim to none as they are too strong a brand to not attract a million and one buyers if they entered admin.
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Nath
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Location: MK
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If Luton got saved there is hope for anybody tbh.
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Marc
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Registered: 11th Aug 02
Location: York
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quote:
Originally posted by Cosmo
but the likely hood of a united or Liverpool going bust is slim to none as they are too strong a brand to not attract a million and one buyers if they entered admin.
I won't be needing that screen print now.
All I needed to see!
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cavmad
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Registered: 25th Feb 06
Location: Fucking annoying, unfunny, twatbag cavmad *racist
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quote:
Originally posted by Marc
quote:
Originally posted by Cosmo
but the likely hood of a united or Liverpool going bust is slim to none as they are too strong a brand to not attract a million and one buyers if they entered admin.
I won't be needing that screen print now.
All I needed to see!
Tbh Costco's comments will make it even funnier if either do go bust. Chester went pop but it's not such a bad thing (despite the very low tier we're going into) but hopefully we've more chance of long term survival because the owner/s should be more realistic with wages and what have you.
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strick206
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quote:
Originally posted by cavmad
Disagree Strick and part of the problem with a lot of clubs is that they think they're 'too big' to go bust. Portsmouth thought the same (at least some of their fans did) and they're in the shit.
Have you just used Pompey as an example in comparison with the biggest club in the world (or one of) and Liverpool, fucking
I would sooner be run as a business like we are run now, than forever be at the risk of the russian deciding he wants out and immediately bankrupting the club, if he ever called his loans he's given chelsea they'd be gone
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Marc
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Registered: 11th Aug 02
Location: York
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quote:
Originally posted by cavmad
I think some people are opening their eyes to football at last and realising it's NOT a business. This puts potential new buyers off and is the reason (imho) that United and Liverpool (amongst others) are possibly more susceptible to be in the shit because they're owned as a business rather than a 'toy'.
Of course football clubs are business'. Treating them like a play thing is totally the wrong way to go about it.
You can still be a fan and run like a business.
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Limecat
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Registered: 25th Jun 05
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quote:
Originally posted by strick206
quote:
Originally posted by cavmad
Disagree Strick and part of the problem with a lot of clubs is that they think they're 'too big' to go bust. Portsmouth thought the same (at least some of their fans did) and they're in the shit.
Have you just used Pompey as an example in comparison with the biggest club in the world (or one of) and Liverpool, fucking
They have won more than Liverpool recently. Strangely they were in a Cup Final this year too, something those dirty pawn shop dwelling arseholes would have given their next 6 months fraudulently claimed JSA money for.
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
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quote:
Originally posted by LETGSI16V
quote:
Originally posted by strick206
quote:
Originally posted by cavmad
Disagree Strick and part of the problem with a lot of clubs is that they think they're 'too big' to go bust. Portsmouth thought the same (at least some of their fans did) and they're in the shit.
Have you just used Pompey as an example in comparison with the biggest club in the world (or one of) and Liverpool, fucking
They have won more than Liverpool recently. Strangely they were in a Cup Final this year too, something those dirty pawn shop dwelling arseholes would have given their next 6 months fraudulently claimed JSA money for.
You fucking twat i just almost spat my brew all over my keyboard
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cavmad
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Registered: 25th Feb 06
Location: Fucking annoying, unfunny, twatbag cavmad *racist
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quote:
Originally posted by Marc
quote:
Originally posted by cavmad
I think some people are opening their eyes to football at last and realising it's NOT a business. This puts potential new buyers off and is the reason (imho) that United and Liverpool (amongst others) are possibly more susceptible to be in the shit because they're owned as a business rather than a 'toy'.
Of course football clubs are business'. Treating them like a play thing is totally the wrong way to go about it.
You can still be a fan and run like a business.
Point me to a club in the Premier League (or any of the leagues actually) who are making money and for each one you find I'll guarantee I'll wager there's five more losing money.
There is no reason to buy a club as business unless the owners are terminally stupid or vain as they are not going to make any money at it. Liverpool and United are prime examples of this.
Strick: So in your analagy Portsmouth went bust because they're not 'one of the biggest clubs in the world' as that's crtainly how it reads? So please explain why Liverpool (who you described as the, or one of the, biggest clubs in the world owe so much money and are hovering round the end of Shit Street.
I can fully see where you're coming from about Chelsea being a rich man's play thing (and I did say they could quite easily go into the brown stuff) but banks these days get very jumpy when massive debts are owed. One thing Chelsea (and other clubs such as Man City) have is that the owner knows how much he's got without needing to borrow it from some one, or some concern, who are going to want it back one day.
I don't for a minute suggest Chelsea/Man City/whoever will never go bust but I would prefer an owner with his own dosh than someone who borrows. There's arguments either way on this as there is a couple of clubs at the evry least who had owners who then pulled the plug. Smaller I know (but just as relevant) Chester and Darlington spring to mind.
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Limecat
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Oldham too. I hope Chris Moore is about as popular as Costco in a straight Evertonians bar. Horrid little bastard - Chris Moore, not Costco.
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strick206
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Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
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quote:
Originally posted by cavmad
Point me to a club in the Premier League (or any of the leagues actually) who are making money and for each one you find I'll guarantee I'll wager there's five more losing money.
There is no reason to buy a club as business unless the owners are terminally stupid or vain as they are not going to make any money at it. Liverpool and United are prime examples of this.
Strick: So in your analagy Portsmouth went bust because they're not 'one of the biggest clubs in the world' as that's crtainly how it reads? So please explain why Liverpool (who you described as the, or one of the, biggest clubs in the world owe so much money and are hovering round the end of Shit Street.
Running a club as a business is how it should be run, you only have to look at wigan, they get about 12 people in attendance every week, yet they make a profit and are in the biggest league in the world (well, until they get relegated this coming season because the current manager is clueless)
Read my post properly and you will see i said Manchester United are the biggest club, or one of the biggest, in the world.
Liverpool and United are completely different to pompey, pompey hit shit creek because of poor spending, massive wages and also not a very good revenue
United have considerably more TV money, they get money for playing in the champions league, and they also get much more in attendance money and league finishing position money.
They also have a good wage structure and spend money on players using money they have put aside just for this purpose
Pompey went hell for leather with a corrupt manager and poor chairman buying anyone and everyone on big contracts, not actually paying for them, thus owing the clubs money, and then using all the money up to pay the wages.
I would be willing to back pompey's debt to club value ratio is also much much higher than United's or Liverpool's for that matter
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Limecat
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Registered: 25th Jun 05
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quote:
Originally posted by strick206
quote:
Originally posted by cavmad
Point me to a club in the Premier League (or any of the leagues actually) who are making money and for each one you find I'll guarantee I'll wager there's five more losing money.
There is no reason to buy a club as business unless the owners are terminally stupid or vain as they are not going to make any money at it. Liverpool and United are prime examples of this.
Strick: So in your analagy Portsmouth went bust because they're not 'one of the biggest clubs in the world' as that's crtainly how it reads? So please explain why Liverpool (who you described as the, or one of the, biggest clubs in the world owe so much money and are hovering round the end of Shit Street.
Running a club as a business is how it should be run, you only have to look at wigan, they get about 12 people in attendance every week, yet they make a profit and are in the biggest league in the world (well, until they get relegated this coming season because the current manager is clueless)
Read my post properly and you will see i said Manchester United are the biggest club, or one of the biggest, in the world.
Liverpool and United are completely different to pompey, pompey hit shit creek because of poor spending, massive wages and also not a very good revenue
United have considerably more TV money, they get money for playing in the champions league, and they also get much more in attendance money and league finishing position money.
They also have a good wage structure and spend money on players using money they have put aside just for this purpose
Pompey went hell for leather with a corrupt manager and poor chairman buying anyone and everyone on big contracts, not actually paying for them, thus owing the clubs money, and then using all the money up to pay the wages.
I would be willing to back pompey's debt to club value ratio is also much much higher than United's or Liverpool's for that matter
Whilst a lot of your post was spot on I am going to have to call you a muppet for trying to slate their former manager.
He doesn't look after the financial side of things so if someone gives you a budget, you will spend it. THE Premier League is a very cut throat league, they wouldn't kiss his arse for spending nothing (only Wenger can do that as he is the second best manager in the World after Mourinho!). I am sick of people trying to slate the guy for doing what he was expected to do. Blame the directors and the money men, not the fucking manager who took then to FA Cup glory.
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strick206
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quote:
Originally posted by LETGSI16V
Whilst a lot of your post was spot on I am going to have to call you a muppet for trying to slate their former manager.
He doesn't look after the financial side of things so if someone gives you a budget, you will spend it. THE Premier League is a very cut throat league, they wouldn't kiss his arse for spending nothing (only Wenger can do that as he is the second best manager in the World after Mourinho!). I am sick of people trying to slate the guy for doing what he was expected to do. Blame the directors and the money men, not the fucking manager who took then to FA Cup glory.
At what point did i slate him for spending the money? Oh that's right i didn't, if the money is there and he spends it spot on, i didn't slate him for that, i just called him corrupt, which he is
And wenger is not the second best manager in the world after mourinho, He hasn't won a thing for 5 maybe more years, and he doesn't spend money because he'd sooner rape young french/african kids.
IMO Wenger should be sacked, for failing to bring a big club like that a trophy for so long
But let's not make it a paedo wenger debate, let's keep on the debt, now i imagine you've re-read my earlier post you agree with it all
[Edited on 07-06-2010 by strick206]
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Limecat
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Sorry, I misinterpreted 'corrupt' as you slating him. Could you state how he is corrupt?
Wenger is the best manager in the World after Mouriho IMO. For what he has spent (awaits Costco twatiing on about figures), he is THE most successful manager in PL per £ spent.
Nothing was worth re-reading Strick. I will play my Costco card and ask for screen shots and written statements from Fergie.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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Who is the most successful per £ spent? Wenger? I'd agree with that. Mourinho would be far from the top of the list. As would redknapp.
And I think some people are getting mixed up with admin and bust. Any club or company in the world can end up in admin if they gear themselves too highly and cannot refinance at the end of any finance agreement.
Bust however is when a club/company gets to this stage as cannot find a buyer - much like crystal palace very nearly did las week. United and Liverpool are two very very strong brands, and therefore would be attractive to a lot of buyers to save from admin. Other lowly clubs (lots to choose from in the PL with extrememly poor support figures) would not be so attractive a purchase.
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