by papereyes »
08 Jun 2009 19:12
I thought United were around 250million in debt before Glazer took over?
Really? I'd ask an United fan but I understood that they were an essentially solvent, well-run club before the Glazers.
Before Arsenal moved to Ashburton, I thought they were around 150million in debt..
I understood that Arsenal's pre-Ashburton debt was a series of long term bonds to ensure they could move. Bit churlish to include that, really.
MO the amount of sugar daddying in the 90s created more of a problem for the competiton of the Premier League than Chelsea has done of recent years.
You what? There wasn't much - Walker at Blackburn did it, but essentially briefly. ENIC failed at Spurs. You have Mandaric and Gaydamak at Portsmouth but their time there overlaps with Abramovich. Since Abramovich, you've seen more billionaires join the Premiership in Randy Lerner and the two Manchester City had had (and Mike Askley, maybe?), plus the takeovers of United and Liverpool.
You are barking up the wrong tree here. Even a bit of reading around - such as the Deloitte report released every year - would give you some decent background understanding of the topic.
http://www.orange.co.uk/sport/news/2767 ... icle=sportis based on the Deloitte report that I can't get my hands on.
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Deloitte's annual review of football finance reveals the total debt among the 20 Premier League clubs hit £3.1 billion in 2007/8"
So that's an increase there.
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The reports states that Manchester United's debt stands at £649 million and Liverpool's at £299 million, with both those figures coming from loans taken out by the owners to finance takeovers."
the current debt, incurred by new owners to buy the club itself, far, far outweights any previous '90s sugar daddying'
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Arsenal's £318 million debt includes £250 million in long-term bonds taken out to finance their new stadium."
So pretty much what I said above then.
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Manchester United and Arsenal both paid out less than 50 per cent of income in wages, and Liverpool 55 per cent, but Chelsea's ratio was 81 per cent."
Now what was that about sustainability?