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« Playground of the gamblers | Main | FC Barcelona vs. Madrid conspiracy »

The debt reduction a priority

By admin | February 4, 2010

picture6The surgical operation of Soccer United is more) profitable (2008, with an increase of 72 million pounds. But the revenue is eaten by the debt rate - more than 70 million pounds per year. The club now has a loan of 504 million pounds move to the burden, not reduce, but gives more flexibility. It will replace bank loans, had formerly served first-rate. Thus, future surpluses (or the proceeds of another loan can now) in the eradication of the most expensive debt hedge funds are put (14.25 per cent per year). Became known as the details of the huge debt, a lot of fans protested. They have been fleeced by the very hostile takeover: The ticket

prices have risen since 2005 by over 70 percent. Even the neighbors from Liverpool moaning about such a "leveraged buyout by American financial juggler, the while their own restrictions imposed on debt raised to buy the club. In December, the first manager Rafael Benítez said that the debts of the club limited the chances of the team. While Liverpool in last season's title in 1990, only just missed out, is the team with 14 points behind Chelsea now that chance. The owners Hicks and Gillett have to cut in the course of refinancing the debt from 310 to 250 million pounds. "The debt reduction is one of our priorities this season," said Benitez, who had to ignore the player market in the winter. Second priority is no longer the title: "We have to stay in the top four." 15 of the 20 clubs had to be subsidized Even league leaders Chelsea have spent nothing, though owner Roman Abramovich to blame the club has dissolved itself compared to the amount of 701 million pounds through its conversion into shares in the club air. It also served to forestall the expected rules of the European Football Union against the over-indebted clubs. Thus, the Russian in six and a half years, has invested nearly one billion pounds into his hobby Chelsea. 2010, the club was far below cost to work with. But above all, through the lunatic is in players' salaries last year again, a decrease of 44 million pounds accumulated. Figures of recent years showed that despite record revenues from TV rights 15 of the 20 Premier League club had to be subsidized by their owners such as Chelsea, Manchester City and also Fulham, who with his owner Mohamed Al Fayed, without interest, with 174 million pounds ( ) stands in the Cretaceous. ManUnited and Liverpool, it's the other way, where you will feel burdened by debts of the owner. Hineinsteckt The only major club that has none of both - not an owner, the money, nor one which the deduction - that is Arsenal. The Londoners have indeed also heavily indebted, with over 400 million pounds, but not for players, but for a stadium. Financial hara-kiri of clubs and players The "Emirates" Arena has doubled its annual revenue over the ancient spectators Highbury over 100 million pounds. Since its construction Arsenal earned) in the year to 60 million pounds of operating profit (excluding depreciation and player transfers. However, manager Arsene Wenger stubbornly refuses to spend at least 50 million pounds he would have available for transfers, too - a matter of principle. It now probably cost him the title shot again. Wenger will hope that others will eventually need to pay their bill. Incidentally, financial hara-kiri, not a privilege of football clubs - that can also protect their expensive employees. Must Stoke City Matthew Etherington with a strong advance on future wages to help out: He has several hundred thousand pounds of gambling debts with bookmakers. The midfield man has experience in financial matters. At his previous club West Ham United, he had already borrowed £ 300,000. Football in England, playground of the gamer.

Topics: Records/History, state club |

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