Arsenal and Liverpool together owe more than £500 million to the Royal Bank of Scotland, which we taxpayers now basically own. Given the furore over bonuses, can't see the taxpayers wanting to fork out more money to these clubs.
[cite]Posted By: Algarveaddick[/cite]I bet Man Utd's bank wouldn't dare do the same...
I don't know about Man U's banking facilities, but Hicks & Gillett who own those lovable cheeky bin dippers on Merseyside have to refinance their loan in June. Failure will mean either they go bankrupt if they can't raise the money, or more likely they'll have to sell LFC at a price much lower than they anticipated when they bought the club. Should Liverpool fail to qualify for next year's CL they may even have to sell at a loss.
[quote][cite]Posted By: Algarveaddick[/cite][quote][cite]Posted By: leftbehind[/cite][quote][cite]Posted By: Algarveaddick[/cite]I bet Man Utd's bank wouldn't dare do the same...[/quote]
I bet they have reduced it and plan to reduce over a long period same as others with larger debts[/quote]
No doubt LB, but I think you understand what I was getting at.[/quote]#
Comments
;-)
Don't tell me its gone and sunk!
Gor Blimey Mary Poppins its an Iceberg ; Dick Van Dyk
Its the facts of current life for football clubs and many businessess
No doubt LB, but I think you understand what I was getting at.
I don't know about Man U's banking facilities, but Hicks & Gillett who own those lovable cheeky bin dippers on Merseyside have to refinance their loan in June. Failure will mean either they go bankrupt if they can't raise the money, or more likely they'll have to sell LFC at a price much lower than they anticipated when they bought the club. Should Liverpool fail to qualify for next year's CL they may even have to sell at a loss.
I bet they have reduced it and plan to reduce over a long period same as others with larger debts[/quote]
No doubt LB, but I think you understand what I was getting at.[/quote]#
I do ;-)