Marc
FH is my second home
- Joined
- Dec 28, 2003
- Messages
- 11,094
Lol at the Abramovic struggling comment. Last year during the peak of the recession he made more money in 6 months than the entire amount he spent on Chelsea. Poor guy
I didnt say he was struggling. I said that companies who are struggling, often convert the monies owed to a director into equity. If Abromavich didnt care about his outlay, why didnt he just write the loan off rather than convert it into equity? If he wrote it off, he wouldnt be owed a bean from Chelsea, but by converting into equity, he is still owed the value of the shares (equity).
I know chelsea arent going to go bust, im just making the point that they dont have the fallback that Man United do. Man United are the most coverted sports brand in the world. If the Glazers said tomorrow that they want to sell, there would be people falling over themselves to buy it, people willing to pump millions into them. I really dont think the same applies to chelsea. But then again, ive seen nothing to suggest that Abromavich wants to give his toy up anytime soon.