<<There remain some debts and the critical "footballing debts" are eroding all the time and it is these debts which everyone expects to have gone by next season. There are signs that one, or perhaps two, significant new footballing debts have still to become due, plus of course the managerial compensation and yet-to-be-decided argument about settling a recent terminated contract, have to be added-in as new footballing debts. If you don't pay your footballing debts then the club does not get to play football so these will get paid first whatever else happens. The really interesting factor is the likelihood of the presence of very significant contingent liabilities rather than debts. Some of the items which come into the equation such as outside investors, ownership of property, ownership of shares in the club itself, and even promotion, are far more likely to be to be constrained by contingent liabilities than they are by straightforward debts.>> Please explain further. Do you have actual knowledge of all this, or is it just speculation? Sean
-----Original Message----- From: [EMAIL PROTECTED] To: [email protected] Sent: Mon, 30 Oct 2006 10:42 AM Subject: [LU] £5 million from Chelsea and the debt position ----- Original Message ----- >I think you're right there! Chelski might have been tempted to risk it had it not been for Man U now starting to look like mounting a real challenge! Agreed, and we also have to take on board that all of that posturing on the moral high ground - where, let's face it, the oxygen must have felt a bit thin and unfamiliar to our great leader, was merely a pressure tactic in order to squeeze the cash out. I guess that you do what you have to do, but let's not fool ourselves about it. >The play off final money was good but we can't yet expect every penny brought in to be shipped straight back out on tranfers if you ask me yes, that would be foolish and probably poor management, especially when you have been thwarted in attempts at buying a nearby hostelry so that you are forced to spend good money in order to set up some competition. >I'd imagine KB would maybe release half of that....... ... & ...... but it would APPEAR that our debts are more than manageable now and by the end of the season will be minimal in todays footballing world. There cannot be any arguing with the fact that Bates job is to manage the purse strings but perhaps his "special projects" are not helping him in this function. There remain some debts and the critical "footballing debts" are eroding all the time and it is these debts which everyone expects to have gone by next season. There are signs that one, or perhaps two, significant new footballing debts have still to become due, plus of course the managerial compensation and yet-to-be-decided argument about settling a recent terminated contract, have to be added-in as new footballing debts. If you don't pay your footballing debts then the club does not get to play football so these will get paid first whatever else happens. The really interesting factor is the likelihood of the presence of very significant contingent liabilities rather than debts. Some of the items which come into the equation such as outside investors, ownership of property, ownership of shares in the club itself, and even promotion, are far more likely to be to be constrained by contingent liabilities than they are by straightforward debts. _______________________________________________ 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 oh alright then :-) ________________________________________________________________________ Check out the new AOL. Most comprehensive set of free safety and security tools, free access to millions of high-quality videos from across the web, free AOL Mail and more. _______________________________________________ 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 oh alright then :-)
