Re: Football : Season 2009/2010
 

They have quite a bit of money, it's that Wenger doesn't buy much and they have been paying back the Stadium debt in excesses of their commitments. A testament to the board is that Arsenal could afford to miss out on the Champions league

http://www.guardian.co.uk/football/2...nger-transfers

He is sitting on a nice pile of cash. He just doesn't want to spend however much I want him to Buy De Rossi, Mexes and Hugo Lloris. :p:

I would say Spurs/Arsenal's boards are close to terms of business acumen. Arsenal have successfully completed the stadium move and what was basically a rebirth of the club. Spurs board now have that test in front of them.

We're both pre-inclined to look favourably on our teams though :D I do concede a lot of Arsenal's stability and successful move is down to Wenger rather than the board. The guy should get massive 100ft tall statue dam it!

Re: Football : Season 2009/2010
 

Both better than Pompey anyway :p:

I almost feel embarassed giving them £2m for Krancjar. We mugged them. How many £2m players have played as well as he has this season or even recently? Luckily Levy isn't as soppy as me.

Shows how desperate they were for money though and to get players off the wage bill. Scary to think that a couple of seasons ago they were solid mid-table and won the FA Cup. They also had a good team which they flogged a small fortune for. For that money to disappear almost instantly, takes some spectacular inepititude at club running.

Re: Football : Season 2009/2010
 

And United, Liverpool, Cardiff, Notts County, Newcastle, Crystal Palace and many others :erm: I also would contest that Chelsea and City are not 'well run' since the books don't balance (which despite their protests, is important) but obviously it's not a problem for them.

Pfft! Levy's job to look after his club not Portsmouth. He can't help the fact they are run by idiots.

Look at Leeds! There are clubs all over the place which serve as warning to 'living the dream' but clubs and the FA don't take note. Liverpool and United do risk years in the wilderness unless something changes (Although United will be not a Leeds style crisis in the unlikely they even have a crisis)

Re: Football : Season 2009/2010
 

Wouldn't bank on it, the gnomes kids will probably end up borrowing it, how they were ever allowed into the ground let alone the board room is beyond me

each of Malcolm Glazer's five sons and one daughter, all of whom are directors of Red Football Limited, each personally borrowed about £1.66m from the club, a total of £10m.

Added together, the management fees, consultancy agreement maximum and the £10m the six family members actually borrowed from United make a total of £22.9m paid to the family and their affiliated companies in three and a half years.

http://www.guardian.co.uk/football/b...d-glazers-debt


Manchester United could cash in on star striker Wayne Rooney to help ease the club's debts. Spanish giants Real Madrid and Barcelona are considering £70m bids for the England international.
Full story: The Sun

Re: Football : Season 2009/2010
 

Yes, Anyway they are raising £500 million to pay off debts they currently have of way over that. So all they are doing to lowering their interest repayments. United will be in just as much debt as they are in now.

Re: Football : Season 2009/2010
 

I did wonder about that. Without selling Ronaldo (which was a fluke really) they would have made a £30m loss. And that is with winning the EPL and finalists in the CL. So there isn't much more revenue streams. They are already out of the FA cup. even if they repeat their success they are on target for a big loss.

I thought they'd have to consider selling players but never thought that Rooney would get £70m from Spain. I think Rooney has an EPL limit of around £30m-40m which only leaves Chelsea as he won't go to Citeh and United won't sell him there. They don't really have any other assests. Berbatov has gone backwards and probably only worth £15m-£20m. Valencia has done a job but not set anything alight. So he's on evens at around £15m. Ferdinand is 31 and continually crocked so not even Citeh would pay £30m for him again. Giggs and Scholes are going to be pensioned off. Brown and Vidic are probably under £10m each. The rest are kids.

Unless revenue is increased (i.e. high ticket/merchandise prices or negotiating rights on the stadium) over a long-term stratergy, I really can't see much changing. Not even if they won back-to-back triples.



Worth pointing out that by re-financing the lot they are lowering the interest of some payments but raising it of others. They really are borrowing from Peter to pay Paul.

Re: Football : Season 2009/2010
 

Massive lose because their debt is higher than last year so their interest payments are higher. They are going to lose a lot of money and any player purchases would be a stupid decision. They need to sell!.


I don't think any club in England will buy Rooney. Your right that only Chelsea would even think of it. Berbatov at 15m to 20m is being generous if you ask me. I would say around 10 million.

They have already doubled the ticket prices.


Basically it's like Ocean Finance :D

Re: Football : Season 2009/2010
 

I mentioned to someone today if you sold the stadium, all the players and everything else I still can't see it being worth £800m which is the cost of the debt.

The only way I can see to clear that is for the Glazers to put in some of their own money although as mentioned above they seem to be taking it out at the moment

Re: Football : Season 2009/2010
 

I was trying to be generous and give them the benefit of the doubt. Berbatov's trouble is that he's a confidence player. He needs to be both happy and molly-coddled to get the best out of him, which isn't really Ferguson's style.

I don't doubt in the right set-up he could play again like he did at Spurs.

Re: Football : Season 2009/2010
 

Sol Campbell could make an appearence for Arsenal reserves against West Ham reserves tonight....

Doesn't look good for Harry Rednapp's case...

http://news.bbc.co.uk/1/hi/england/8454317.stm

Re: Football : Season 2009/2010
 

I can see that happening around the same time Alex Ferguson puts some of his money in, i.e. when hell freezes over!

Really most off these `American Investors` are only after one thing, and that`s to line their pockets even more. They don`t know the first thing about soccer but see the huge revenue streams from Sky, merchandise, etc!

Personally i wouldn`t trust any of them with a barge pole, them two characters at Liverpool don`t even talk to each other, what sort of footing is that for owning a football club.
Many people i know are Man U fans and at the time thought Martin Edwards was a bit of a jerk, but boy they wish he was still at the healm now. The fact Utd have won 3 consecutive titles and done well in the various cups has made life a lot easier for the Glazers.

Also it made me laugh to hear Utd where going to a training camp in Qatar (presumably to get some rich arabs to buy the bonds), when not long ago Ferguson was slagging of the FA for there money making jaunt to the middle east :shocked:

Re: Football : Season 2009/2010
 

The club as a whole is greater than the sum of its parts. Forbes rates it as around $1800m (the world's richest). Ultimately you need to times the number of shares by the current value to get a market estimate.

I don't know exactly how the debt figures in that. The quickest solution would be for an Arab to come in and clear the debt back to square 1 and go from there. The United fans I know of I don't think would appreciate an Arab owner. Then again wither their situation I don't think they have much choice.

Re: Football : Season 2009/2010
 

Ignoring the real issue being discussed for a moment, this is quite odd. Look what Adebyaor is wearing in this interview:

https://www.cableforum.co.uk/images/...2010/01/52.jpg

http://www.youtube.com/watch?v=RPR7jHwc9Fo

Re: Football : Season 2009/2010
 

So are you rying to tell us that everytime a player switches sides he's gotta change who he supports in real life?? :rolleyes:

There's been lots of ManU players who have been lifetime City, liverpool, chelsea and arsenal supporters for example. I'm sure that it's the same with any club.

Also Adebayor idolised Kanu whilst Kanu played for arsenal this might be why he supports them. I honestly don;t see the big deal here

Re: Football : Season 2009/2010
 

If he supports Arsenal it makes you wonder why he ran half the pitch to celebrate scoring a goal in front of their supporters.