If Pompey go bust who stands to lose points ?
in [Manchester United]
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From: Baldoni on 19 Feb 2010 18:17 SteveH wrote on 19/02/2010 : > 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. Button up ffs Steve, you have not a clue as to what you are talking about. -- Count Baldoni In hoc signo vinces
From: REDDEVIL6 on 19 Feb 2010 18:19 On Fri, 19 Feb 2010 23:16:35 +0000, italiancar(a)gmail.com (SteveH) wrote: >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. Stan Kroenke has taken his stake to within 17 shares of the 30 per cent limit, at which he would have to launch a formal takeover (which if he reaches he couldn't be stopped from buying the club).
From: Pakistan Meteorological Department on 19 Feb 2010 18:24 REDDEVIL6(a)nospam.net wrote: > On Fri, 19 Feb 2010 23:16:35 +0000, italiancar(a)gmail.com (SteveH) > wrote: > > >>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. > > > > Stan Kroenke has taken his stake to within 17 shares of the 30 per > cent limit, at which he would have to launch a formal takeover (which > if he reaches he couldn't be stopped from buying the club). Shall I dig the rules out again for you? -- "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: SteveH on 19 Feb 2010 18:26 Baldoni <BaldoniXXV(a)googlemail.com> wrote: > > 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. > > Button up ffs Steve, you have not a clue as to what you are talking > about. The club owes more money than it's worth. Any other business would be wound up with such a debt level. -- SteveH
From: DC on 19 Feb 2010 19:03
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. > > That's around double the ratio at United (54% debt:value) on 50% of the > operating income for the financial year ending April '09. > > So much for the 'responsible borrowing' spin they've put on things. Gearing as you rightly point out is an important aspect determining business viability but valuation is subjective and easily manipulated. It is important when looking at viability of a business you don't singly concern your self with a single ratio but seek the broader picture. Granted the gearing at Arsenal should be a concern assuming the value is realistic. |