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Subject: England - Bulgaria...
all I said was they scored and they did.
Bulgaria didn't...
Switzerland won't.
Bulgaria didn't...
Switzerland won't.
Jaize thats so last weeeeeek..........LIVERPOOL!!!!
Great how England v Bulgaria has become the Liverpool FC topic :D
Yeah they will.........Lets just see!.
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Norwich Citys' current debt is 23 million pounds.
Liverpoos' is ?
Liverpoos' is ?
I think the jury is very much out on that one mattius.
If Rupert Murdoch ever gets bored, you'll be watching non-league football.
(edited)
If Rupert Murdoch ever gets bored, you'll be watching non-league football.
(edited)
as long as its liverpool, i dont really care :)
let's see what happens if they lose 3 games on the trot. when was the last time that happened, some time before the middle ages ?
Our debt is bloody lots....Whats your point then????
Yeah but if your gonna state the obvious....Then make a point with it.
Most of the top teams around the world have vast debts!
No-one is saying its a good thing....Benny!
Most of the top teams around the world have vast debts!
No-one is saying its a good thing....Benny!
You have to be careful though as clubs like Madrid and Barca are completely safe from bankruptcy/liquidation because they're too big and important to the economy and will just get bailed out(I believe Madrid have been twice), also HMRC really are trying to change the laws around football debts and how they're handled as they've been fiddled out of quite a lot of money.
Also the ticket prices really are pricing people out of going to matches, and while I'm an advocat of supply/demand in the point of ticket prices clubs have to be careful of losing future supporters/fans, as that would reduce the amount Sky would pay for the rights.
Lastly though, the reason most if not all foreign owners invest in the Premier league and are willing to spend/waste millions on players and getting ridiculously into debt is becuase they all want the way in which foreign rights to PL games are sold changed/done properly, which I believe would almost triple the amount recieved from foreign rights, and immediately this would make all the debts look fine as the value/turnover of PL clubs would increase and virtually wipe out the debt due to increased income, and if you're at the top of the league when this happens the you look very clever. Chelsea/Abramovic is a perfect example of this, he's spent about £5-700m on Chelsea, they're now worth about £750m and if the rights changed would make Chelsea worth £1.5b, making Abramovic a tidy profit.
What clubs have to be careful of though, and Liverpool in particular, is if you spend the money and create debts and then success doesn't come and you slip down the league table(or lose CL money) is that your turnover drastically reduces and very quickly the banks will want their money. If Liverpool fail to look like they could get back into the CL places at the end of the season things could go really bad, the price that H&G want for the club aswell is dangerous.
Utd's debt from a piece I read from someone, somewhere are actually fine, I don't know how their new debt scheme works, but apparently it's fairly clever, the debts are manageable and they're increasing income/turnover along with creating profit and cash.
Also the ticket prices really are pricing people out of going to matches, and while I'm an advocat of supply/demand in the point of ticket prices clubs have to be careful of losing future supporters/fans, as that would reduce the amount Sky would pay for the rights.
Lastly though, the reason most if not all foreign owners invest in the Premier league and are willing to spend/waste millions on players and getting ridiculously into debt is becuase they all want the way in which foreign rights to PL games are sold changed/done properly, which I believe would almost triple the amount recieved from foreign rights, and immediately this would make all the debts look fine as the value/turnover of PL clubs would increase and virtually wipe out the debt due to increased income, and if you're at the top of the league when this happens the you look very clever. Chelsea/Abramovic is a perfect example of this, he's spent about £5-700m on Chelsea, they're now worth about £750m and if the rights changed would make Chelsea worth £1.5b, making Abramovic a tidy profit.
What clubs have to be careful of though, and Liverpool in particular, is if you spend the money and create debts and then success doesn't come and you slip down the league table(or lose CL money) is that your turnover drastically reduces and very quickly the banks will want their money. If Liverpool fail to look like they could get back into the CL places at the end of the season things could go really bad, the price that H&G want for the club aswell is dangerous.
Utd's debt from a piece I read from someone, somewhere are actually fine, I don't know how their new debt scheme works, but apparently it's fairly clever, the debts are manageable and they're increasing income/turnover along with creating profit and cash.
Cartman made my point brilliantly. I was going to liken you to someone buying elizabeth duke jewellery you can't afford on an argos card at 27.9% apr, but cartman put the real world into it.