Re: FOR SALE - Old Trafford
Quote:
Originally Posted by
IainR
What second tier? which you will be come May
It's where you've spent a lot of time. You're a solid championship team.. :-)
OK you have been at the top under Wilkinson, but the Ridsdale era is a red herring, that was unsustainable.
No that's not correct, we've spent far more time in the top tier than the second. Leeds are a Premiership club brought to hard times by near financial ruin. Until 2007 we had never been in the third tier.
Historically we've been in the top division for longer than any other division. For example 1964 to 1982 and 1990 to 2004. And more often than not in these periods we have been in the upper echelon (21 times in 32 years finishing 5th place or higher). As I said in a different thread Leeds made a profit in 2000 when we finished 3rd - so that couldn't be put down to Ridsdale's extravagence, that came later.
My point is that if it can happen to us, it can happen to anyone. Nobody is too big to fail through massive debts. While both Man Utd and Liverpool are bigger clubs than Leeds were, their debts are far far bigger. Man Utd are struggling to sustain their debt at the moment while successful on the pitch, so what chance when they are less successful but the debts still have to be serviced.
Re: FOR SALE - Old Trafford
I think it makes for an interesting Premiership. If Man Utd had spent and replaced Ronaldo effectively, they'd be 3 points clear at the top and everyone would be yawning again. As it is, it's one of the most open title races in years.
The injection of money into Villa and Man City has helped this. The Premiership is no longer suitable for multi-millionaires who want to run a football club like a business (with debts), it's now the place of billionaires. Football clubs are just toys to these people. What do Abramovich, Lerner or Mansour care about long-term sustainability?
Re: FOR SALE - Old Trafford
Quote:
Originally Posted by
TheHeathens
When the bad times are forced upon your club unnecessarily, it's your duty to make a stand.
Not another one. It's impossible to see the pitch from the last one you built!:)
Re: FOR SALE - Old Trafford
What i dont like is owners that buy a club not with there own money but debt thats than placed on to the club.How on earth these people expect to make money from football i dont know,And at the end of the day they can walk away scott free if it all goes belly up.Seems like alot of em jumped on a bandwagon.
Re: FOR SALE - Old Trafford
Quote:
Originally Posted by
TheHeathens
Why?
They've not said that OT is for sale, just that they reserve the right to in the future.
I wouldn't have thought you'd need to sell the swamp. After all when we buy Rooney off you at the end of the season, you should have enough money to cover the interest payments. :D
Tick Tock Tick Tock
Re: FOR SALE - Old Trafford
Quote:
Originally Posted by
Danbert
I wouldn't have thought you'd need to sell the swamp. After all when we buy Rooney off you at the end of the season, you should have enough money to cover the interest payments. :D
Tick Tock Tick Tock
No chance, once a red always a red, you know what Rooneys like...
Re: FOR SALE - Old Trafford
Quote:
Originally Posted by
IainR
No chance, once a red always a red, you know what Rooneys like...
Really?
How about, once a toffee, always a toffee. He soon forgot that.
Don't think it will be enough to make the interest payments anyway. Clubs often don't get the full value for their players when they're in financial distress.
Re: FOR SALE - Old Trafford
Quote:
Originally Posted by
IainR
No chance, once a red always a red, you know what Rooneys like...
Scouse Everton fan
Re: FOR SALE - Old Trafford
Quote:
Originally Posted by
Swoop
Not another one. It's impossible to see the pitch from the last one you built!:)
Ha ha, made me chuckle Colin!
Re: FOR SALE - Old Trafford
Quote:
Originally Posted by
Muddy Retriever
Really?
How about, once a toffee, always a toffee. He soon forgot that.
Don't think it will be enough to make the interest payments anyway. Clubs often don't get the full value for their players when they're in financial distress.
i don't think i could have made it any clearer I was taking the micheal here..
I know what he said
