Football The 2010/2011 Season Thread

[Embattle]

BBC Sport - Football - Liverpool new owners 'to move club's debts' in deal

The problem is that H&G seem to value the club at nearly double, either way H&G will lose because come 15th RBS could well take the club away from them and then sell it to NESV.

 

[Lethul]

YouTube - Glentoran 1-0 Portadown BURROWS GOAL

 

[Bahumat]

haha awesome goal

 

[cHodAX]

Another one looking for an out?

Language no Real barrier for Liverpool defender Johnson | Mail Online

 

[tierk]

YouTube - Glentoran 1-0 Portadown BURROWS GOAL

I dont comment much on footie thread, being a Liverpool fan, but fuck me what a fucjing finish.

Goal of the season contender for me right there.

 

[Ch3tan]

On the news earlier I was watching all these Scousers marching in protest about the Liverpool FC buy out. I thought, "Fuck me, how did all these people manage to get a day off work at such short notice to...?"........."Oh."

 

[Shagrat]

YouTube - Glentoran 1-0 Portadown BURROWS GOAL

that's an awesome finish

 

[cHodAX]

Brilliant, City just got fucked in the arse by UEFA!

UEFA warns Manchester City spending cannot be written off - UEFA Champions League - ESPN Soccernet

 

[Ch3tan]

Yet chelsea were allowed too?

 

[cHodAX]

Yet chelsea were allowed too?

Chelsea didn't keep spending beyond their means when the new rules were introduced. City knew the rules but thought they had a loophole to sneak through. This may well stop the market distortion on prices now, silly season could be over.

 

[Talivar]

Chelsea did there spending and debt wipe a while ago tho now, before anyone was told these rules was a certainty. Since then they havent done anything wrong so havent been needed to be warned.

 

[cHodAX]

Chelsea did there spending and debt wipe a while ago tho now, before anyone was told these rules was a certainty. Since then they havent done anything wrong so havent been needed to be warned.

Yep, Chelsea saw the wind changing and acted quickly, City missed the boat and will suffer for it. Frankly it is wrong one suffers and one doesn't but at least from Chelsea I see the effort to finally run at break even, City however are so far from matching up revenue with expenditure that it is astonishing. The wage bill alone is astronomical and when the tax man sorts the whole image rights thing City are going to be hit heavily as many of their top players are sat on big image rights deals.

 

[leviathane]

BBC News - Manchester United reports loss of £80m

 

[- English -]

BBC Sport - Football - Liverpool could face points deduction

keeps getting funnier and funnier


Liverpool could face points deduction
Breaking News

Liverpool are likely to face a nine-point deduction if its parent company Kop Holdings goes into administration next week, BBC Sport understands.

 

[cHodAX]

So fucking angry, £100 million operating profit, that is a very well run business. Servicing the Glazers debts has sunk us to £86 million loss. Fucking chancers are killing my club. If the money owed had been spent on players or the stadium I could cope but not one fucking penny of it is down to the running of the club.

 

[leviathane]

manchester clubs doing well

 

[Raven]

BBC Sport - Football - Liverpool could face points deduction

keeps getting funnier and funnier


Liverpool could face points deduction
Breaking News

Liverpool are likely to face a nine-point deduction if its parent company Kop Holdings goes into administration next week, BBC Sport understands.

In their current state that could very well mean relegation. I wonder how many fans they would have then? They seem quiet these days.

I wonder how Keiten (sp?) is taking it all?

 

[Embattle]

So fucking angry, £100 million operating profit, that is a very well run business. Servicing the Glazers debts has sunk us to £86 million loss. Fucking chancers are killing my club. If the money owed had been spent on players or the stadium I could cope but not one fucking penny of it is down to the running of the club.

Last years figures were only boosted by the sale of Ronaldo, the reality is that debt is also a part of business...no matter what **** makes/gives you it.

I would be interested in knowing just how much truth is in the following article with David Gill, in essence does Alex really have access to that kind of cash - GILL SEES 'VERY GOOD' ACCOUNTS | Football Transfer News, Football News, Fixtures, Results, Match Reports, Stats

 

[cHodAX]

Last years figures were only boosted by the sale of Ronaldo, the reality is that debt is also a part of business...no matter what **** makes/gives you it.

I would be interested in knowing just how much truth is in the following article with David Gill, in essence does Alex really have access to that kind of cash - GILL SEES 'VERY GOOD' ACCOUNTS | Football Transfer News, Football News, Fixtures, Results, Match Reports, Stats

The sale of Ronaldo enabled us to bank £80 million in cash reserves and the losses solely came from debt repayments and 'management fees' paid to the Glazers. The actual operations costs were run at a profit even before Ronaldo's sale is taken to account. Sadly the debt is drowning us and the bond issue has only staved off death for a couple of extra years, the interest repayments alone are going to cripple us no matter what operating profit we run at.

 

[Ch3tan]

Hurr durr derp derp derp

So fucking angry, £100 million operating profit, that is a very well run business. Servicing the Glazers debts has sunk us to £86 million loss. Fucking chancers are killing my club. If the money owed had been spent on players or the stadium I could cope but not one fucking penny of it is down to the running of the club.

This result is no surprise though, we all knew the fee for setting up the bond scheme was coming.
Better that than what the banks were charging.

 

[cHodAX]

This result is no surprise though, we all knew the fee for setting up the bond scheme was coming.
Better that than what the banks were charging.

Honestly with the £100 million profit wiped out by £50 million interest repayment and where did the other £130 million go? The bond scheme should not have cost anything like that set up, what is the bet that the Glazers nabbed tens of millions to prop up their strip mall business in the States that is on the verge of going belly up?

Again United fans are having to finance repayments on their wildly ambitious borrowing.

 

[Ch3tan]

That's just a wild accusation Cho, you'll find that the cost of the bonds (circa 69million) was stated last years, when they issued the bonds. The bank charges would have been MORE over the same time period, as would the interest charges.

I'm no fan of the Glazers, but it's pointless getting angry about something for the wrong reasons. At the end of the day I believe their aim is to profit off the sale of the club. Now they cannot do that if the club is in serious trouble (see lollerpool), and I don't think they are in a rush. Things would be different if they had not secured the bond scheme and were still at the mercy of the banks.

Profits continue to rise, next year you are looking at £40million of interest payments only. So if we assume the same £108m operating profit next year, then we are already at £60m profit.

 

[cHodAX]

That's just a wild accusation Cho, you'll find that the cost of the bonds (circa 69million) was stated last years, when they issued the bonds. The bank charges would have been MORE over the same time period, as would the interest charges.

I'm no fan of the Glazers, but it's pointless getting angry about something for the wrong reasons. At the end of the day I believe their aim is to profit off the sale of the club. Now they cannot do that if the club is in serious trouble (see lollerpool), and I don't think they are in a rush. Things would be different if they had not secured the bond scheme and were still at the mercy of the banks.

Profits continue to rise, next year you are looking at £40million of interest payments only. So if we assume the same £108m operating profit next year, then we are already at £60m profit.

I hope you are right fella because these numbers are starting to give me sleepless nights and my dad must be rolling over in his grave.

 

[tierk]

BBC Sport - Football - Liverpool could face points deduction

keeps getting funnier and funnier


Liverpool could face points deduction
Breaking News

Liverpool are likely to face a nine-point deduction if its parent company Kop Holdings goes into administration next week, BBC Sport understands.

Happy to take a 9 point deduction if we can be assured that they boot the current owners in the go-naads

 

[Ch3tan]

Even if that would put you firmly in a relegation battle? ouch.

 

[tierk]

Even if that would put you firmly in a relegation battle? ouch.

I think even with a -9 points from now we wont be in trouble at the end of the season.

 

[Ch3tan]

I think even with a -9 points from now we wont be in trouble at the end of the season.

Yep, you are definitely a Liverpool fan.

 

[Ch3tan]

BBC Sport - Football - Premier League approves NESV's Liverpool takeover

Also LOL @ Scotland, playing without a striker. LOL

 

[Ch3tan]

BBC Sport - Football - England U21 2-1 Romania U21

shame Carrol wasn't in the squad, I think he would have scored where others missed. 2nd league is very important now.

 

[cHodAX]

Very informative article by the BBC on United's finances...

BBC - David Bond: Crunching the numbers at Old Trafford

The club has run huge operating profits every year but has accrued £450 million in interest repayments on the loans the Glazers used to buy the club. They have put in no money of their own, at all.