Quote:
Originally Posted by Kymmy
A loss and having debt is two different things.. Plus that although the operating costs developed a loss you still have the assets of the players to off-set it on the books
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The players are not worth what Hughes spent on them. Man City don't have debt though, it's just masses of money from it's owners.
---------- Post added at 15:56 ---------- Previous post was at 15:53 ----------
Quote:
Originally Posted by TheDaddy
Basically they have tried to keep their little Champions League club exclusive, it's alright to have £300 million bank loans to blow on players like Real Madrid but you can't have a rich owner do the same for you anymore.
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Bank Loans catch up with you eventually and need to be paid back, Look at Liverpool. Rich owners just create a situation where the money is written off in order to win titles for respect/glory/promotion of your city. Uefa's proposed rules are designed to stop that. It's a conspiracy either, Chelsea would have been affected.