The on topic thread

[moomba]

Not sure what you can do about Chelsea's debt. I'd be surprised if it was ever an issue for them, but ideally you wouldnt want to be at the mercy of one person.

I suspect Man Uniteds debt is much higher than reported here as well.

Paid off a big chunk a while back, but I can't see the Glazers doing that out of the goodness of their hearts.

It will be tied up in parent companies/subsidiaries etc but somewhere someone will have an IOU.

 

[jd2010]

That's the problem though. Everyone assumes that he'll be there forever and happily write off a billion dollars in debt.

Will there be a huge outcry if one day he goes "**** it ive had enough" calls in the loan and Chelsea FC gets liquidated to cover the outstanding debts? Will Chelsea fans be cool with that?

We can't really comphrehend what he will do (assuming we aren't billionaires). He may very well in 10 years time sell and write the debt off to a manageable amount because that money to him isn't needed, or he may feel like throwing away that money was worth the fame and good PR 20 years owning a team that won trophies.

Personally I hope he asks for the money and they play Pompey in the Johnstone Paints Cup final

 

[Magma]

firmino's goal against chile is absolutely beautiful

 

[chef]

That's the problem though. Everyone assumes that he'll be there forever and happily write off a billion dollars in debt.

Will there be a huge outcry if one day he goes "**** it ive had enough" calls in the loan and Chelsea FC gets liquidated to cover the outstanding debts? Will Chelsea fans be cool with that?

It is something to worry about if it ever happens, which I don't think it will. Even if he wants to sell us one day(or pass us on to his son), I can't see him destroying the club.

Not sure I'd trust those figures though. But I don't ever see it being a problem. We've plateaued over the last 5 years and are now turning profits, but we desperately need a bigger capacity if we are to rein in that debt.

 

[Bojan KantKick]

Not sure what you can do about Chelsea's debt. I'd be surprised if it was ever an issue for them, but ideally you wouldnt want to be at the mercy of one person.

I suspect Man Uniteds debt is much higher than reported here as well.

Paid off a big chunk a while back, but I can't see the Glazers doing that out of the goodness of their hearts.

It will be tied up in parent companies/subsidiaries etc but somewhere someone will have an IOU.

Given utd are legally required to report everything it is unlikely they are hiding any debt. The debt they paid off were the payment in kind loans which cost 18% pa in interest. The glazers have restructured a lot of the debt from high interest bearing to low interest bearing debt.

The Glazers are playing the long game. They are banking on tv and commercial revenue paying off the debt over time.

On Chelsea, wonder what happens in the event that Roman walks in front of a bus.

 

[chef]

Given utd are legally required to report everything it is unlikely they are hiding any debt. The debt they paid off were the payment in kind loans which cost 18% pa in interest. The glazers have restructured a lot of the debt from high interest bearing to low interest bearing debt.

The Glazers are playing the long game. They are banking on tv and commercial revenue paying off the debt over time.

On Chelsea, wonder what happens in the event that Roman walks in front of a bus.

His son takes over I guess.

 

[moomba]

I wouldnt say hiding debt. But iirc there are two holding companies linked to United, the combined debt between the two is the more accurate picture.

 

[Bojan KantKick]

I wouldnt say hiding debt. But iirc there are two holding companies linked to United, the combined debt between the two is the more accurate picture.

There are. I'm pretty sure the figure they are quoting is a net debt rather than gross debt outstanding.

 

[jod23]

Also I know this conversation was a few pages back but to put Liverpool's global reach into perspective. We managed to draw more fans at the MCG to a pre season friendly against shit opposition than the Australian National Cricket team managed in a ODI World Cup Final.

Just saying.

As for debt. That Chelsea debt is scary. Having your club's entire existence in Roman's hands would frighten me. What if he gets bored, wants out and wants his money back. Sure it probably wont happen but just what if. It's enough to give Chelsea fans nightmares.

 

[chef]

Also I know this conversation was a few pages back but to put Liverpool's global reach into perspective. We managed to draw more fans at the MCG to a pre season friendly against shit opposition than the Australian National Cricket team managed in a ODI World Cup Final.

Just saying.

As for debt. That Chelsea debt is scary. Having your club's entire existence in Roman's hands would frighten me. What if he gets bored, wants out and wants his money back. Sure it probably wont happen but just what if. It's enough to give Chelsea fans nightmares.

Nah, I'm not worried at all.

We are tracking on the right course.

 

[moomba]

The big worry chelsea have imo is more to do with Platini, Gill, Rummenige and FFP than Roman.

Plenty of noises that debt is going to be the next thing UEFA target. Of course, that may affect much more than Chelsea if it ever happens.

 

[Jatz]

Think that graph is out of date. We no longer have 103 mil worth of debt.

 

[chef]

Think that graph is out of date. We no longer have 103 mil worth of debt.

It is from the Fail though.

 

[Jatz]

It is from the Fail though.

Well that certainly makes more sense. While we are reliant on our owners, our situation isn't as dire as they make out.

 

[Dirty Bird]

Also I know this conversation was a few pages back but to put Liverpool's global reach into perspective. We managed to draw more fans at the MCG to a pre season friendly against shit opposition than the Australian National Cricket team managed in a ODI World Cup Final.

Just saying.

As for debt. That Chelsea debt is scary. Having your club's entire existence in Roman's hands would frighten me. What if he gets bored, wants out and wants his money back. Sure it probably wont happen but just what if. It's enough to give Chelsea fans nightmares.

95k in a 100k seat stadium
vs
93k in a 94k reduced capacity stadium.

Also, if it weren't for an inflated Manchester City amount, I'd almost think that commercial revenue stat would be a good way to check global support, it does go in order just about from what I'd deem biggest to smallest.

Though, Everton's does feel small, thought Australia (Cahill) and USA (Howard) would give them good fans, then their longevity would have them higher up than that. Guess not?

 

[moomba]

95k in a 100k seat stadium
vs
93k in a 94k reduced capacity stadium.

Also, if it weren't for an inflated Manchester City amount, I'd almost think that commercial revenue stat would be a good way to check global support, it does go in order just about from what I'd deem biggest to smallest.

Though, Everton's does feel small, thought Australia (Cahill) and USA (Howard) would give them good fans, then their longevity would have them higher up than that. Guess not?

Remember some clubs account for corporate/hospitality revenue as commercial revenue, others as matchday revenue

Ours is commercial iirc.

I don't think commercial revenue is an accurate guide of global support. We sell naming rights to our stadium, others choose not to. We have pretty large sponsorship of our academy area, I think that will grow in the coming months. That has nothing to do with global support.

 

[UnitedWarrior93]

Also I know this conversation was a few pages back but to put Liverpool's global reach into perspective. We managed to draw more fans at the MCG to a pre season friendly against shit opposition than the Australian National Cricket team managed in a ODI World Cup Final.

Just saying.

As for debt. That Chelsea debt is scary. Having your club's entire existence in Roman's hands would frighten me. What if he gets bored, wants out and wants his money back. Sure it probably wont happen but just what if. It's enough to give Chelsea fans nightmares.

The final still drew 93k yesterday which is massive and the biggest crowd for an ODI at the MCG I think (heard something like that last night).

Everyone knows liverpool have a big following in Australia and around the world, not sure why you get worked up about it, does it really matter if arsenal and chelsea are close or even ahead?

 

[Cruyff14]

Exactly, who cares.

 

[NUFC Tiger]

I believe we technically are 'debt free' to any banks/financial institutions - Mike Ashley paid off the original $130m odd when he took over the club and the club 'owe' him this in an interest free loan. Given how much cash stripping he's done in the last few years, many Toon fans are curious to see where the debt currently stands ($121m is the last figure given) but that is outdated and 'surely' given he's been running the club on a shoestring, he's been using plenty of the profits to reduce that debt to him (many speculate he won't even entertain selling the club until that is paid off first - that would potentially also knock a good $130m off any asking price too hopefully).

$40m profit (second best of all clubs I think mentioned there) says it all.

 

[Tulip]

On Chelsea, wonder what happens in the event that Roman walks in front of a bus.

It's Russia we're talking about here. If Roman and Putin are buddies, the bus will swing around him and into a wall.

 

[Tulip]

Also I know this conversation was a few pages back but to put Liverpool's global reach into perspective. We managed to draw more fans at the MCG to a pre season friendly against shit opposition than the Australian National Cricket team managed in a ODI World Cup Final.

Just saying.

As for debt. That Chelsea debt is scary. Having your club's entire existence in Roman's hands would frighten me. What if he gets bored, wants out and wants his money back. Sure it probably wont happen but just what if. It's enough to give Chelsea fans nightmares.

The G was at capacity last night, it's reduced by over 5k when they put up the sight screens and other fan features.

I get what you're trying to say, but the final last night if the stadiums were infinitely large would have easily outsold Liverpool.

 

[typeclub]

Good move by Roman to use the club that way. Just a bit of insurance if he or his family gets in trouble. They've got themselves covered for 1 bil through a foreign club they had no connection with

 

[SM]

I believe we technically are 'debt free' to any banks/financial institutions - Mike Ashley paid off the original $130m odd when he took over the club and the club 'owe' him this in an interest free loan. Given how much cash stripping he's done in the last few years, many Toon fans are curious to see where the debt currently stands ($121m is the last figure given) but that is outdated and 'surely' given he's been running the club on a shoestring, he's been using plenty of the profits to reduce that debt to him (many speculate he won't even entertain selling the club until that is paid off first - that would potentially also knock a good $130m off any asking price too hopefully).

$40m profit (second best of all clubs I think mentioned there) says it all.

We similarly are debt free to banks and financial institutions, but owe the 70-odd million to Allam, in a similar scenario to Chelsea with Abramovich.

 

[Zidane98]

Never a good thing when your debt exceeds the value of the club. Not sure exactly how much clubs are worth but I can't see Chelsea being valued at anything near 958 million.

 

[Bojan KantKick]

Nah, Chelsea would be worth over a bil. Forbes value united at 2.8 billion iirc and real and barca around 3 billion.
1.5 billion seems logical imo