kg82
Well-Known Member
Mine too - how the hell did this debate start! My excuse... sleep deprivation!
Never blamed the fans kgMy criticism's levelled mainly at the clubs for running themselves so recklessly.
SBK-It's short term punts at success which put clubs in the financial mire. When it doesn't work, it sets the club back big time with piles of debt-it's not a sensible way to run a football club. Man Utd's debt was piled on to the club by the Glazers who took out their £700m loan to buy the club; that is where the debt comes from. As a business, United makes big profit every year-so the Glazer debt will eventually be paid off. Man City have bought the title just as Chelski did.
When he receives this could you point him in the direction of Garry HoffmanBut there is one loan note to be paid off (which is very close to being done) to old Sam Hammam which is £26m, and this £100m investment that has been proposed will be turned in to equity which cannot lead to debt.
Brightonskyblue....As a business, United makes big profit every year-so the Glazer debt will eventually be paid off. Man City have bought the title just as Chelski did.
Not wishing to be confrontationa mate...but your wrong.
Man utd made a £89m net loss last season, and has been growing every season since "The Glazers" took control. It now stands at well over £1b. If Man utd have a couple of bad seasons, all the asian shirts sales will plummet(A big percentage of income) will be lost.
Brightonskyblue....As a business, United makes big profit every year-so the Glazer debt will eventually be paid off. Man City have bought the title just as Chelski did.
Not wishing to be confrontationa mate...but your wrong.
Man utd made a £89m net loss last season, and has been growing every season since "The Glazers" took control. It now stands at well over £1b. If Man utd have a couple of bad seasons, all the asian shirts sales will plummet(A big percentage of income) will be lost.
Hopefully you see though that the debt United have is a direct result of the Glazers and not the way the club runs itself! Trust that wasn't sarcastic at the end
I wouldn't say we are in the right direction if i'm honest, we are all over the shop.
We could not survive without further investment so our owners have proposed to;
Invest a further £100 million which would be turned into equity for team strenghtening and couldn't become debt,j
Increasing the stadium capacity from 27,000 to 35,000 by 2013/14.
Build state-of-the-art training facilities and club officials have visited Man City, Utd, Liverpool, Arsenal etc to seek inspiration,
Pay off all existing debts and loan notes.
But all that will cost us changing the club's traditional colours from blue to red (to increase sales in Asia because red is lucky out there and the owner VT believes blue will not get us promoted), a complete change of club crest and nickname from 'the Bluebirds' to 'the Dragons' which is obviously our nation's icon but we will still keep the name 'Cardiff City FC'.
Then a lot of our fans were crying, complaining, burning Malaysian flags, throwing racial abuse towards the owners etc.. because they are changing a 104 year tradition. That has sparked a lot and has forced him to make a U-turn and has confirmed nothing will change next season. So now, the Malaysians are not on our side because of abuse that a certain minority has hurled at them and they have said the club cannot survive without this whole revamp.
On tuesday there is a huge board meeting with the owners and then decisions and compromises will be made.
So what would you rather, A whole revamp similar to that heading in the right direction at the cost of losing the club's identity or heading down potentially into liquidation or administration but keeping all club traditions?
For me it is the future of the club that is important and to head in the right direction you have to make sacrifices. We would still be Cardiff City FC with the revamp and in my heart we would still be the Bluebirds.
I'd paint my cock red and run through Lester naked with a sign on my back saying we "we are related take me now" for half the budget your looking atimp:
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