UEFA could ban debt-ridden clubs

jaysay · 09-10-2008, 10:03

Uefa have said that clubs who are debt ridden maybe baned from European competitions. The likes of United, Chelsea, Arsenal, Liverpool, could be hit hard, but its not just them, Fulham are about £180 million in debt. Sunderland £35 million, Wigan £65 million, Rovers £20 million which is one of the lowest debts in the prem. the only clubs with little debt are the newly promoted clubs. Spurs have debts of around £17 million, but this is said to be because they continually sell their top players to balance the books. Personally I don't think it will happen, because without the top teams in Europe the competions would be meaning less and we've got to remembr that clubs in other countrys are just the same, Real Madrid being an example.

cashman · 09-10-2008, 10:28

seeings believing.

shakermaker · 09-10-2008, 10:52

It wouldn't touch the top clubs. It'd only concern clubs with debt that continually needs addressing. The debt of Chelsea for example is managed and isn't a debt that puts the club in any state of instability.

jaysay · 09-10-2008, 11:12

Quote:

Originally Posted by shakermaker

It wouldn't touch the top clubs. It'd only concern clubs with debt that continually needs addressing. The debt of Chelsea for example is managed and isn't a debt that puts the club in any state of instability.

Thats all well and good shaker but what happens when the russian decides h wants another toy train set to play with, £750 million debt comes a real problem, where as the Rovers with a £20 million debt is well managed. The report singled out the four top clubs in England who between them they have debts of over £2 billion. Its costing the likes of United over £40 million a year just to service the debt

Wynonie Harris · 09-10-2008, 11:40

Just makes me glad that Eric makes sure the floodlights are switched off after the match, along with other cost-saving measures, as I would not want our future European campaigns to be jeopardized.

Stanleymad · 09-10-2008, 12:28

Quote:

Originally Posted by Wynonie Harris

Just makes me glad that Eric makes sure the floodlights are switched off after the match, along with other cost-saving measures, as I would not want our future European campaigns to be jeopardized.

pmsl just send all the other chairspeople to Eric's school of budgeting.........

lancsdave · 09-10-2008, 12:36

Quote:

Originally Posted by Stanleymad

pmsl just send all the other chairspeople to Eric's school of budgeting.........

At least football would still be a working class game if they did

Stanleymad · 09-10-2008, 12:38

Quote:

Originally Posted by lancsdave

At least football would still be a working class game if they did

too true on all counts swear all ya like LOL!!

shakermaker · 09-10-2008, 14:00

Quote:

Originally Posted by jaysay

Thats all well and good shaker but what happens when the russian decides h wants another toy train set to play with, £750 million debt comes a real problem, where as the Rovers with a £20 million debt is well managed. The report singled out the four top clubs in England who between them they have debts of over £2 billion. Its costing the likes of United over £40 million a year just to service the debt

Chelsea's financial future will not depend on the whim of Mr Abramovic, they're a little more savvy with their pennies than that down in Thatlondon. Besides the top four can make their own income from their global reputation, they have no worries. It's the fringe teams that are just there to make up the numbers that will feel the punch.

shakermaker · 09-10-2008, 14:00

Quote:

Originally Posted by Stanleymad

pmsl just send all the other chairspeople to Eric's school of budgeting.........

Eric for head of FA!

cashman · 09-10-2008, 14:14

Quote:

Originally Posted by shakermaker

Chelsea's financial future will not depend on the whim of Mr Abramovic, they're a little more savvy with their pennies than that down in Thatlondon. Besides the top four can make their own income from their global reputation, they have no worries.

i wouldn't be too sure of that shaker, Man U. possibly who knows, the rest aint a global commodity like them.

shakermaker · 09-10-2008, 15:15

Quote:

Originally Posted by cashman

i wouldn't be too sure of that shaker, Man U. possibly who knows, the rest aint a global commodity like them.

By no means are Chelsea & Liverpool as big as United globally but Chelsea are very quickly catching up. They're massive in the Far East & the States.

lancsdave · 09-10-2008, 19:40

I'd love to see examples of any other business that runs on the debt that football is run on. Someday it's going to BANG

cashman · 09-10-2008, 19:59

Quote:

Originally Posted by shakermaker

By no means are Chelsea & Liverpool as big as United globally but Chelsea are very quickly catching up. They're massive in the Far East & the States.

Leeds were pretty big not too long ago.

Royboy39 · 09-10-2008, 20:45

Quote:

Originally Posted by cashman

Leeds were pretty big not too long ago.

The Book Cook was good and I think the rest was by design?
Bates has found the right level for the club....good houskeeping?