Arsenal Message Board
Not my words, those of loyal and proper Manc supporters.
Scary - £250 m interest payments cos of the owners putting what should be a profitable club in debt - thats 3 and a bit Ronaldos! And now the bond issue - where does this leave this once great club?
Then there is Liverpool and the clowns who own them, then your Pompeys, West Hams and not forgetting two clubs that could not exist on present spending without sugar daddies. What is that saying about a free lunch?
Arsenal - how to run a football club and a business.
Roll up, roll up and get your Glazier bonds - a free Michael Owen signed shirt with every one!
Not going to go too far into student politics but I we live in a country where anything can be bought at a price, where nothing is thought of in selling off the family silverware to anyone who comes up with the price no matter who they are or where they got their money from.
UK PLC is being fleeced, Utd , Liverpool et al, and the fit and proper thing our joke football authorities abide by are part and parcel of all this. I do not like Platini or Blatters attiudes but FFS some EPL clubs are giving them a hell of a lot of ammunition in their Anglophobia. Yes, Real are too, but as we all know, they are different for some reason!
Not is all lost for these teams though, I hear Robert Mugabe has quite a large disposable wealth, who knows he may bail one of them out. Cannot imagine the FA or EPL objecting if he has the cash. After all, he has never been convicted of anything in this country.
It is the fans who will ultimately suffer.
I just hope Arsenal continue steering well clear of all this crap. A few years without trophies to build a sustainable base and keep these sorts at bay is a price well paying.
The Glazier Fund (aka Man Utd) will soon be £1.2b in debt - not the best situation to be in when you think about it.
lol exactly the bonds just passes the debt over to our kids or our grandkids...eventually you cant do that anymore and either the principal has to be flattened out or the debt gets converted into equity diluting the current shareholders and owners of the club....either way the Company and club is a going concern and thats why SAF cant buy in January and thats why Vidic and others will be sold....
My gunners do it right, build talent in house...organically develop players within the system youth youth youth....cultivate a stable of talent to perform for you or at least make you a profit when you sell them....still buy a few hired guns but to spend TOP dollar on the previous years top players in the world is a strategy that will leave you heavy in the red and is still NO guarantee for winning trophies...
Chelsea in champions league.....Im looking at you....
- 1 Reply to VictorS
I think Man Utds finance statement today was quite staggering - on the face of it, a good profit - similar to that of Arsenal FC but only when you consider it was made thanks to an £80m selling.
Man Utd have remaining maybe a single £40m player and a £17m defender to leave in the summer...then....not much - maybe a Berbatov offload tops £12m. So, unless they mortgage their future in the bonds issue or sell Rooney, a big loss soon beckons! Tragic mis-management fora brand like that.
Long may we continue a stable successful enterprise without dodgy debt enhancing foreign control