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'One-Club Man' Terry Wants Man City Talks; TERRY DEMANDS CITY TALKS
Topic Started: Jul 12 2009, 09:34 AM (1,122 Views)
Jimmymac™
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Inspirational
i'm curious, if a club are drawing in an overall net debt when you incorporate their holding companies financies (as you surely have to do to get the whole picture) then how can they be spending within their means? Seems to me that there are very few clubs around that actually are spending within their means.....
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the deloitte (?) report showed that virtually every club isn't spending within their means.
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dutchmcfc
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disoriented scholar, covered in chocolate
Crazy news... and tbh I do not like Terry... Yes he is an awesome defender, I just don't like him... 50 million is way too much... I'd rather we go for lescott he will be over the odds price wise, but not as ridiculous as Terry's price...

@IRIR the constant rants that city are 'ruining football' are getting really tired and old.... Money has ruined football a long time ago, and city are bnot worse then several other european clubs... Maybe you sould look for a new tune....
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akuta
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azward
Jul 12 2009, 03:09 PM
because Uniteds size, they are mortgaged and are managing the debt.

If Roman called in his loans, Chelsea are screwed. Ditto City.
I disagree...

Roman calls in his loans (which in business is very very unrealistic).. Chelsea will be sold and since its a london club i assure you there will be tons of people queing up to buy the club. Chelsea for me are not in the same boat as Man City, its located in the 2nd financial capital of the world, purchasing power in london is probably x4 of what it is in Man City (dont quote me on that but im sure you get the point), so the idea of owning a london club far outweighs the pulling power of Man City, and this is also ignoring the trophies won recently and achievements in the CL (5 semi's in 6years says a lot). So trust me there is very little difference in the predicaments of chelsea and Man Utd if the respective owners were to pull the plug this very second.
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Jimmymac™
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azward
Jul 12 2009, 03:17 PM
the deloitte (?) report showed that virtually every club isn't spending within their means.
aye, thats what I mean, at the moment theres practically nobody spending within their means and each club basically adding to their debt with the players they are buying. Obviously Man City are doing it to an extreme at the moment, but I find it a bit unfair for some to criticise another club and suggest that their own club is happily spending within their means which they obviously are not. :)
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akuta
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Jimmymac™
Jul 12 2009, 03:15 PM
i'm curious, if a club are drawing in an overall net debt when you incorporate their holding companies financies (as you surely have to do to get the whole picture) then how can they be spending within their means? Seems to me that there are very few clubs around that actually are spending within their means.....
i couldnt have put it better myself... This for me is the mother of all points which shows the way modern football is being managed
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point i was making that if the debt is called in, 'they' will struggle to finance it
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akuta
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azward
Jul 12 2009, 03:22 PM
point i was making that if the debt is called in, 'they' will struggle to finance it
But that is incorrect too as both teams are heralded as one of the best in the world. There might be conditions to refinancing (as with every refinancing deal) chelseas debt (off the top of my head is probably getting a larger home to accomodate more fans) but chelsea will get that finance without a shadow of doubt. Man City on the other hand will find it considerably harder but this as we all know is entirely dependent on the debt figure.
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i disagree, no one is going to spend 500m on Chelsea and fund the team.
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akuta
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azward
Jul 12 2009, 03:31 PM
i disagree, no one is going to spend 500m on Chelsea and fund the team.
why do you think no one would do that?
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dutchmcfc
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akuta
Jul 12 2009, 03:35 PM
azward
Jul 12 2009, 03:31 PM
i disagree, no one is going to spend 500m on Chelsea and fund the team.
why do you think no one would do that?
I was wondering the same thing :S
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because the club isn't worth the debt it owes Roman
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akuta
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azward
Jul 12 2009, 03:50 PM
because the club isn't worth the debt it owes Roman
Dang azward.... Banks arent interested in the valuation of the collateral, the only thing you need to prove is the club has the ability to make repayments and that is extremely achievable with the revenue generation.. (Just under 300mil Euro in 80/09 according to deloitte with a wage bill of about 180mil)
Edited by akuta, Jul 12 2009, 04:10 PM.
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which proves my point (i think) lol
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dutchmcfc
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azward
Jul 12 2009, 04:07 PM
which proves my point (i think) lol
:blink: how exactly....If banks are willing to finance then Chelsea won't be in too much trouble... which you were saying all along :unsure:
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