Premier League clubs borrowing from money lender
- Thread starter davek
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Maybe its Lord Ashcroft.
davek
Player Valuation: £150m
No, but both of the are parasites. I can see where the confusion arose.
U
Upper Sturry Sherbets
Guest
It's hard to keep up with all the cash issues in football sometimes.
You need an accountant of accountants to figure it out.
You need an accountant of accountants to figure it out.
Muggins
Player Valuation: £60m
yep, just like Microsoft, where they went from having meetings with Bill Gates, to having meetings on meetings they will have with Bill Gates, then meetings to meet about the meeting that will determine the content of the meeting with Bill Gates....
anyone bored yet?
U
Upper Sturry Sherbets
Guest
Muggins is back. 
Muggins
Player Valuation: £60m
Reidy's Bottle Of Grecian
The Unobstructed View
put this here as they are a prem club with a bit of a debt....
Hammers' horror accounts exposed - Chester Chronicle
West Ham's financial woes were laid bare on Monday night when the club published their latest accounts.
The club's decision to award injury-plagued striker Dean Ashton a new contract in December 2008 backfired, leaving them liable for a £5.81million payment when he was forced to retire in December. Freddie Ljungberg and Kieron Dyer will have cost the club £34million over the terms of their contracts, having only started a combined total of 32 matches for West Ham since the summer of 2007.
For two years under the ill-fated Icelandic regime, West Ham's wages totalled around 80% of their annual turnover, nearly 20% higher than the Barclays Premier League average.
The club's finance director, Nick Igoe, wrote in the accounts that the club's subsequent on-field performances were unsatisfactory following such major investment.
"It is a truism to observe that a club's playing success (and almost certainly long-term financial success) is largely dependent on how wisely it invests its available resources," Igoe wrote.
"It has to be concluded that many of the group's investment decisions in the last two to three seasons have been ill-judged.
"Two players who signed in the summer 2007 transfer window, one of whom has since left the club, have started a combined total of 32 games and will have cost the group £34million over the term of their contracts. No football club can sustain this level of expenditure on underperforming members of its squad.
"It must be concluded that the investment in the playing squad has not generated an appropriate return, either financially or in terms of performance. It follows that an eighth and 10th-place league finish, one Carling Cup last eight and one FA Cup last 16 represent an unsatisfactory return on this expenditure.
"Clubs with fewer resources and lower levels of expenditure on their squad have achieved a greater level of league and cup success."
The figures also reveal the major belt-tightening programme West Ham undertook last season in the hope of staving off financial meltdown. The wage bill was reduced and West Ham made £10.8million from player sales - but that accounted for less than a quarter of the transfer expenditure from the previous two seasons.
surely, Dean Ashton would've been paid out by insurance ?
Ljungberg and Dyer though......34 million !!
Hammers' horror accounts exposed - Chester Chronicle
West Ham's financial woes were laid bare on Monday night when the club published their latest accounts.
The club's decision to award injury-plagued striker Dean Ashton a new contract in December 2008 backfired, leaving them liable for a £5.81million payment when he was forced to retire in December. Freddie Ljungberg and Kieron Dyer will have cost the club £34million over the terms of their contracts, having only started a combined total of 32 matches for West Ham since the summer of 2007.
For two years under the ill-fated Icelandic regime, West Ham's wages totalled around 80% of their annual turnover, nearly 20% higher than the Barclays Premier League average.
The club's finance director, Nick Igoe, wrote in the accounts that the club's subsequent on-field performances were unsatisfactory following such major investment.
"It is a truism to observe that a club's playing success (and almost certainly long-term financial success) is largely dependent on how wisely it invests its available resources," Igoe wrote.
"It has to be concluded that many of the group's investment decisions in the last two to three seasons have been ill-judged.
"Two players who signed in the summer 2007 transfer window, one of whom has since left the club, have started a combined total of 32 games and will have cost the group £34million over the term of their contracts. No football club can sustain this level of expenditure on underperforming members of its squad.
"It must be concluded that the investment in the playing squad has not generated an appropriate return, either financially or in terms of performance. It follows that an eighth and 10th-place league finish, one Carling Cup last eight and one FA Cup last 16 represent an unsatisfactory return on this expenditure.
"Clubs with fewer resources and lower levels of expenditure on their squad have achieved a greater level of league and cup success."
The figures also reveal the major belt-tightening programme West Ham undertook last season in the hope of staving off financial meltdown. The wage bill was reduced and West Ham made £10.8million from player sales - but that accounted for less than a quarter of the transfer expenditure from the previous two seasons.
surely, Dean Ashton would've been paid out by insurance ?
Ljungberg and Dyer though......34 million !!
MLS is not quite EPL
Player Valuation: £750k
this is a list from (i think) a year or two ago showing the EPL clubs and their operating revenues/losses:
English Premier League Clubs | EPL Teams
Interesting to see that on this list, only Arsenal, Tottenham, and Manchester United were running on a positive cashflow basis. (Well, Albion was as well but no point in discussing them now). Obviously these figures change every year, but this gives you an idea.
What blows me away is with how much of an operating loss most of these teams are continuing to do business. It's not economically sustainable.
Do you think if the EPL had a time machine, they'd go back and institute a salary cap? In this competitive era, it's far too easy for teams to borrow a king's ransom to bring the latest talent to be competitive. It is too tempting & accessible to be fiscally irresponsible.
English Premier League Clubs | EPL Teams
Interesting to see that on this list, only Arsenal, Tottenham, and Manchester United were running on a positive cashflow basis. (Well, Albion was as well but no point in discussing them now). Obviously these figures change every year, but this gives you an idea.
What blows me away is with how much of an operating loss most of these teams are continuing to do business. It's not economically sustainable.
Do you think if the EPL had a time machine, they'd go back and institute a salary cap? In this competitive era, it's far too easy for teams to borrow a king's ransom to bring the latest talent to be competitive. It is too tempting & accessible to be fiscally irresponsible.
I'm resisting the urge to search and find davek's comments on West Ham getting Icelandic investment.
Yet another case of be careful what you wish for.
You think we'd be slightly more clued up than your average Newcastle fan, considering that we had that Peter Johnson tit.
Yet another case of be careful what you wish for.
You think we'd be slightly more clued up than your average Newcastle fan, considering that we had that Peter Johnson tit.
FFS EVEN NOTTS COUNTY HAVE A BUYER NOW
I linked him that and he ignored me the horrid creature.
davek
Player Valuation: £150m
I think I said:
"Looks a bit dodgy that. Imagine the arse falls out the banking world and WHU are owned by some troll bankers called Fingfjarldssen and Einergunnarsdottir and have to sell up to cut their losses. They sound like wrong uns. The Hammers shouldn't touch that with a shitty stick".
Something like that anyway. I'm searching for it now. :hay:
I can recall Dave saying that.
I can vouch for the lad.
I can vouch for the lad.
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