Whose the next in line for financial ruin

[SET]

So Saints have hit rock bottom and now the only choice is recovery or insolvency.

 

But whose next.

 

One season outside the top four and MUFC are in trouble

 

http://www.telegraph.co.uk/sport/football/leagues/premierleague/manutd/5130064/Manchester-United-debt-soars-to-700m-despite-record-season.html

 

£700m debt that gets bigger every year, £70m of INTEREST payments in one year, with a further £24m carried over to increase the debt.

 

:rolleyes:

[SET]

finantial :confused::confused:

 

can someone change the title for me.

 

its been a long day.

[Pancake]

 

One season outside the top four and MUFC are in trouble

 

Not sure what you are trying to say here. Didnt they win it last season and are currently on top?

[SET]

Not sure what you are trying to say here. Didnt they win it last season and are currently on top?

 

Granted but liverpool and chelsea are both capable of moving above them, Arsenal are not far from a title winning side IMO.

 

If villa buy well over the summer, then next season will be very interesting.

 

Plus you'd think one of these days Spurs will get their act together.

 

The other fact that has to be considered is AF will step down sooner rather than later, when he's gone i would think there will be a big hit on the clubs performances.

 

Take all that away and the idea fo a football club having £700,000,000 of debt and £95,000,000 of interest in a year is simple wrong.

[PaulSaint]

I think he means that like Leeds they are counting on success as a given? If the champions league money dries up they well may be be forced to cash in on Ronaldo to Man City (joke).

[Pancake]

Granted but liverpool and chelsea are both capable of moving above them, Arsenal are not far from a title winning side IMO.

 

If villa buy well over the summer, then next season will be very interesting.

 

Plus you'd think one of these days Spurs will get their act together.

 

The other fact that has to be considered is AF will step down sooner rather than later, when he's gone i would think there will be a big hit on the clubs performances.

 

Take all that away and the idea fo a football club having £700,000,000 of debt and £95,000,000 of interest in a year is simple wrong.

 

O I C... so more like: One season outside the top four and MUFC will be in trouble

[jonah]

And did you see their plan?

 

The club said it had four elements to increase its financial growth; maintaining playing success, treating fans as customers, leveraging the global brand, and developing club media rights.

 

Dear lord, the protests will be starting already!

[Doctoroncall]

Which ever team gets relegated from the prem this season will be hot favourites:

 

There is an interesting correlation between relegation from the top flight and going into administration a few years later. Examples are (relegation year followed by administration year): Middlesbrough (1985/1988 ); Crystal Palace (1998/1998 ); QPR (1996/2000); Bradford City (2001/2001); Leicester City and Ipswich Town (2002/2002); Wimbledon (2000/2002); Derby County (2002/2003); Leeds United (2004/2006); Southampton (2005/2009). Southampton is not the only club to have debts of £30m plus as five others were in that category, including Leicester City which also had a new stadium to fund and debts of £40m, as did Derby County (£33m).

[FloridaMarlin]

And did you see their plan?

 

The club said it had four elements to increase its financial growth; maintaining playing success, treating fans as customers, leveraging the global brand, and developing club media rights.

 

Dear lord, the protests will be starting already!

 

The last one is the one to worry us all.

 

If Man Utd think they can get more money elsewhere, what's to stop them getting together with the other three of the Big Four, and suggesting they negotiate their own TV rights deals?

 

Could be the thin end of the wedge towards another breakaway, along with other top sides in Europe, plus south America, to form a TV-funded World League.

 

It would effectively mean the end of the Premier League.

 

Think it's pie-in-the-sky? The fear of this happening has been circling the corridors of the BBC and other media organisations for the past two or three years.

[DT]

Well done for clearing up 'finantial'. Now get going on the 'Whose' please. Or there'll be detention for you young man.

[.comsaint]

Poompey lost £16.66m last year - down from £23.45m the year before.

 

Their wages for last year (635 personnel) were £54.6m - up almost £18m on the year before.

 

Poompey owe £44m in loans to Barclays & Standard Bank.

 

If they go down (fingers crossed of course!) - they will basically implode!

[Saint 76er]

So Saints have hit rock bottom and now the only choice is recovery or insolvency.

 

But whose next.

 

One season outside the top four and MUFC are in trouble

 

http://www.telegraph.co.uk/sport/football/leagues/premierleague/manutd/5130064/Manchester-United-debt-soars-to-700m-despite-record-season.html

 

£700m debt that gets bigger every year, £70m of INTEREST payments in one year, with a further £24m carried over to increase the debt.

 

:rolleyes:

 

That really is a crazy level of debt and you wonder how it could possibly be sustainable.

 

Thing is, the debt appears to belong to the MUFC "parent company" which is presumably their equivalent of SLH.

 

So if it all goes tits up, and with that level of debt it possibly could even for them, what will be the response of the football authorities then?

 

Does anyone seriously think the PL will be sending in forensic accountants to try and find a way to dock THEM points, even though they haven't actually broken any rules?.....