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AboveTheSalt
07-10-2008, 19:48
Football Association chairman Lord Triesman believes the global credit crisis could pose a "terrible danger" to clubs dealing with spiralling debts. Against the backdrop of such a volatile financial climate, Triesman estimates English clubs owe an estimated £3bn.
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Liverpool, Chelsea and Manchester United [are] believed to account for a third of that £3bn debt.
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West Ham are battling claims Iceland's second-biggest bank Landsbanki going into receivership.
(Link (http://news.bbc.co.uk/sport1/hi/football/7656862.stm))Excellent news, cold Chardonnay and prawn sandwiches all round!

:party1:
cheets
07-10-2008, 20:05
If one of those 3 don't qualify for the CL, then I wouldn't like to think what would happen.

btw your sig is wrong cuckoo clock is a German invention.
Haly
07-10-2008, 20:09
btw your sig is wrong cuckoo clock is a German invention.
It's a line from The Third Man so you'd have to blame Graham Greene for that one :p
Mark
07-10-2008, 20:19
I'd grab some popcorn, but save a few clubs that were already in trouble I think the worst that'll happen is some purse strings get tightened.

I doubt the imminent likely demise of JJB Sports will help though.
cheets
07-10-2008, 21:07
Whelan sold at the perfect time, £190 million in the bank.
Stan_Lite
08-10-2008, 05:06
I fail to see how imminent financial crisis for some of the country's biggest clubs is "excellent news" :confused:

If the money drops out of the Premiership, the national sport will suffer and many people will lose their jobs.

I'd say it was tragic.
Admiral Huddy
08-10-2008, 08:52
Still hope for Spurs then :D
BBx
08-10-2008, 09:27
Oh gnoes!

I'm sure if the players pool their pay packets together they will be fine.

BB x
Greenlizard0
10-10-2008, 17:12
I think it's about time that clubs sort out their debts. It's quite lucky that one of the biggest driving forces at Arsenal is a graduate economist (Wenger) so he knows about balencing the books and what not.
cheets
10-10-2008, 19:08
I think it's about time that clubs sort out their debts. It's quite lucky that one of the biggest driving forces at Arsenal is a graduate economist (Wenger) so he knows about balencing the books and what not.

He has to now because of the Stadium debt.
Greenlizard0
11-10-2008, 19:25
He has always spent within our means.

The puzzling thing is why our wages continue to rise yet e.g. last summer we lost two of our highest earners....don't tell me Adebayor got *that* much of a payrise.