If Pompey go bust who stands to lose points ?
in [Manchester United]
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From: Pakistan Meteorological Department on 19 Feb 2010 18:10 SteveH wrote: > Pakistan Meteorological Department <PMD(a)SIBU.HQ> wrote: > > >>>I don't think you really understand how these things work. If >>>Arsenal's loans were called in they would be in exactly the same >>>situation as Liverpool and Manchester United excepting those two clubs >>>have already paid for their stadiums so they would be in a better >>>position than Arsenal. As far as the "fit and proper test" Arsenal >>>have done no such thing and will be owned by whoever decided to buy >>>them. >>> >> >> >>Incorrect as usual. > > > You do realise that Arsenal have the highest debt to market value ratio > of all the big clubs, don't you? - with their debts being a staggering > 107% of their value. Was that my point at all? -- "Entire units of the Metropolitan Police and the Flying Squad and the drug squad were Freemasons. They all, in the end, were sent to prison. When you are bonded by an oath of mutual defence and loyalty, you may well find that it is extremely difficult to squeal on your corrupt brethren" Martin Short on BBC Newsnight 19/03/01
From: Pakistan Meteorological Department on 19 Feb 2010 18:12 DC wrote: > Pakistan Meteorological Department wrote: > >> REDDEVIL6(a)nospam.net wrote: >> >>> On Thu, 18 Feb 2010 18:33:10 -0800 (PST), Mike Hall <tarrow(a)yahoo.com> >>> wrote: >>> >>> >>>> I wonder if there will be a ripple effect if Portsmouth go under, >>>> seeing as how all the EPL club's credit ratings will suddenly drop >>>> like a stone. >>>> If all the loans are cancelled then the likes of Liverpool and >>>> Manchester United would immediately be forced into administration, >>>> even though there is zero chance of either being wound up. I don't >>>> think Arsenal would have a problem, seeing as how the board are >>>> currently blocking millions of pounds of investment to avoid >>>> foreigners (who have not passed the Arsenal fit-and-proper test) >>>> getting their paws on the club. The other EPL clubs with debts (like >>>> Hull City) would suddenly find themselves in Portsmouth-like trouble. >>>> >>>> >>>> Mike Hall >>> >>> >>> >>> I don't think you really understand how these things work. If >>> Arsenal's loans were called in they would be in exactly the same >>> situation as Liverpool and Manchester United excepting those two clubs >>> have already paid for their stadiums so they would be in a better >>> position than Arsenal. As far as the "fit and proper test" Arsenal >>> have done no such thing and will be owned by whoever decided to buy >>> them. >>> >> >> >> Incorrect as usual. >> >> The FA/Prem conduct a veto process or 'fit and proper' test on owners. >> However, how did Shinawatra pass this assesment? >> >> > > Think RD was referring to Mike Hall comment that Arsenal did the Fit and > proper person test. Where in fact it is as you point out conducted by > the FA, and not that RD believed no test is done. > > As for Shinawatra he sold his share in city before the charges were > brought. > > --- news://freenews.netfront.net/ - complaints: news(a)netfront.net --- I simply refuted his point that Aresenal (LOL @ Pope) will be owned by whoever decided to buy them. This is certainly not the case, in theory. -- "Entire units of the Metropolitan Police and the Flying Squad and the drug squad were Freemasons. They all, in the end, were sent to prison. When you are bonded by an oath of mutual defence and loyalty, you may well find that it is extremely difficult to squeal on your corrupt brethren" Martin Short on BBC Newsnight 19/03/01
From: REDDEVIL6 on 19 Feb 2010 18:15 On Fri, 19 Feb 2010 22:14:22 +0000, nigel <useweb(a)nospam.com> wrote: >DC wrote: > >> Pakistan Meteorological Department wrote: >> >>> REDDEVIL6(a)nospam.net wrote: >>> >>>> On Thu, 18 Feb 2010 18:33:10 -0800 (PST), Mike Hall <tarrow(a)yahoo.com> >>>> wrote: >>>> >>>> >>>>> I wonder if there will be a ripple effect if Portsmouth go under, >>>>> seeing as how all the EPL club's credit ratings will suddenly drop >>>>> like a stone. >>>>> If all the loans are cancelled then the likes of Liverpool and >>>>> Manchester United would immediately be forced into administration, >>>>> even though there is zero chance of either being wound up. I don't >>>>> think Arsenal would have a problem, seeing as how the board are >>>>> currently blocking millions of pounds of investment to avoid >>>>> foreigners (who have not passed the Arsenal fit-and-proper test) >>>>> getting their paws on the club. The other EPL clubs with debts (like >>>>> Hull City) would suddenly find themselves in Portsmouth-like trouble. >>>>> >>>>> >>>>> Mike Hall >>>> >>>> >>>> >>>> I don't think you really understand how these things work. If >>>> Arsenal's loans were called in they would be in exactly the same >>>> situation as Liverpool and Manchester United excepting those two clubs >>>> have already paid for their stadiums so they would be in a better >>>> position than Arsenal. As far as the "fit and proper test" Arsenal >>>> have done no such thing and will be owned by whoever decided to buy >>>> them. >>>> >>> >>> >>> Incorrect as usual. >>> >>> The FA/Prem conduct a veto process or 'fit and proper' test on owners. >>> However, how did Shinawatra pass this assesment? >>> >>> >> >> Think RD was referring to Mike Hall comment that Arsenal did the Fit and >> proper person test. Where in fact it is as you point out conducted by >> the FA, and not that RD believed no test is done. >> >> As for Shinawatra he sold his share in city before the charges were >> brought. >> >> --- news://freenews.netfront.net/ - complaints: news(a)netfront.net --- > >Am I the only person who read Mike Hall's post and understood it? > >The Prem have a 'fit and proper' test which is just a cypher. > >Arsenal shares are tightly held and are dominated by three or four major >shareholders, some of whom collude to keep out investors they don't like >the look of. > Not sure you understand much about the Arsenal ownership at all, maybe this will help? Arsenal's ownership looks likely to remain in limbo for the rest of the season, despite US sports mogul Stan Kroenke taking his stake to within 17 shares of the 30 per cent limit, at which he would have to launch a formal takeover. Kroenke is not expected to do so until he can be sure the biggest shareholders outside of his current allies on the board will sell to him. Kroenke is likely to begin the long game of sounding out either or both of Red and White Holdings, who represent 26 per cent of the shares and are controlled by Alisher Usmanov and Farhad Moshiri, and Lady Nina Bracewell-Smith, ejected from the board last year but still with 15.9 per cent of the shares, to establish at what price they would sell. Kroenke is just 17 Arsenal shares away from being obliged to launch a formal takeover of the Premier League club
From: SteveH on 19 Feb 2010 18:15 Pakistan Meteorological Department <PMD(a)SIBU.HQ> wrote: > > You do realise that Arsenal have the highest debt to market value ratio > > of all the big clubs, don't you? - with their debts being a staggering > > 107% of their value. > > > Was that my point at all? You didn't actually seem to have a point. But I thought it was useful info. to add to the debate. If anything goes wrong at the Emirates, it'll be much worse than if something goes wrong at either LFC or at United. -- SteveH
From: SteveH on 19 Feb 2010 18:16
Pakistan Meteorological Department <PMD(a)SIBU.HQ> wrote: > I simply refuted his point that Aresenal (LOL @ Pope) will be owned by > whoever decided to buy them. > > This is certainly not the case, in theory. Given the debt situation there, I don't think any of the 'cartel would be in a position to refuse any reasonable looking offer if one was tabled. -- SteveH |