Its not as bad as it sounds, the idea is that the money you borrow makes more than it costs to borrow it, its like having a mortgage on a buy to let property. If you are likely to earn £500 in rent and your mortgage payments are £300 then yes you are paying out £300 in interest every month but you are making £200 and you havent touched your own money. Havent read anything about the glazers thing this weekend but I should imagine its the same.
> From: [EMAIL PROTECTED]> To: [EMAIL PROTECTED]; [email protected]> > Date: Mon, 10 Sep 2007 16:18:00 +0700> Subject: Re: [LU] from a spurs site> > > 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.> > > _________________________________________________________________> Express > yourself instantly with MSN Messenger! Download today it's FREE! > > http://messenger.msn.click-url.com/go/onm00200471ave/direct/01/> > _________________________________________________________________ Get free emoticon packs and customisation from Windows Live. http://www.pimpmylive.co.uk _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
