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Author Topic: Panarama last Night, Premier League Debt, especially Man Utd  (Read 20206 times)

Offline Lowendbehold

  • Member
  • Posts: 1682
Panarama last Night, Premier League Debt, especially Man Utd
« Reply #60 on: June 12, 2010, 06:15:19 PM »
I think everyone is missing the point here.  

These are not businessmen who have invested their own money in a business which they intend to grow.

These are businessmen who have used the clubs own assets to borrow money, so they can buy the club and hope the club can grow and service enormous debt so they can then sell on at a profit.

There is absolutely nothing in it for the clubs, supporters or football in general.

They are by any other name asset strippers.  Liverpool and Man U cannot possibly in the long term service the debt and so Liverpool first and then Man u are at serious risk of eventually going the way of Portsmouth.

What are the FA doing to stop the same happening to say Arsenal when Kronke takes control and then one day the Villa?

Offline BannedUserIAT

  • Member
  • Posts: 7541
  • Location: Brisbane
    • http://www.avfc.com.au
Panarama last Night, Premier League Debt, especially Man Utd
« Reply #61 on: June 13, 2010, 05:05:08 AM »
Don't sweat it. We're completely protected by the FA's "Fit & Proper" test. It's the best safety net there is! :)

 


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