if i understand this right then... the russian bloke hasn't actually given a
single penny to chewelsee... he's lent it to them. is this right? if so...
that's some serious debt. it will take, if at all possible, a decade or more
of winning the prem league and chumps league footy to start breaking even.
and then there will still be the debt.
a manu guy i know was telling me about their situation... they now have to
find around 60 mill a year just to pay off the interest on the loan the
glazier family took out to buy the club. so they're no longer safe. arsenal
must be heavily in debt from the stadium and it looks like liverpool are
going the same way. it seems to me that all 4 of the so called 'top 4' will
HAVE to sustain chumps league footy every year to stay afloat. sound
familiar?
rich
From: John Boocock <[EMAIL PROTECTED]>
I do not wish to teach people how to suck eggs but I have to do things
in the simplest terms for some of the Chavs to understand. Every Company
will have assets but if you have debts greater than your assets then you
have liabilities. You will hear some Chavs telling you that they have no
debts but according to the official Audited Accounts Chelsea Limited
have loans and liabilities amounting to £550,419,000.
Their assets consist of Intangible Fixed Assets (players) of
£198,834,000 and Tangible Fixed Assets (Stadium, Hotel, Cobham etc.) of
£188,194,000.
Therefore, their liabilities exceed their assets by £255,293,000. Which
means that if you liquidate the Company and sell off all the players,
stadium, hotel etc. you will still be short of over £255 million.
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