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TyChan
Dec 21, 2004

Chicks dig me because
I rarely wear underwear.
And when I do, it's usually
something unusual.


Adnar posted:

how does Chelsea make so much more than Liverpool on matchday? double ticket prices or do they have THAT much more corporates?

i was surprised by that too, since Anfield has a slightly higher capacity in terms of pure numbers. I wasn't sure how much of it was the fact that everything in London is apparently much more expensive, though.

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Bovril Delight
Feb 22, 2005

My neck, my back, lick my udders and my horns

quote:

Freddie Ljungberg proved to be an expensive signing for West Ham Photograph: David Rogers/Getty Images

Freddie Ljungberg and Kieron Dyer will have cost West Ham effectively £1m a match, it was revealed in the club's latest accounts. Ljungberg, who has left Upton Park, and Dyer will have cost £34m over the terms of their contracts, having started a combined total of only 32 matches for West Ham since the summer of 2007.

The club's ill-judged spending over recent seasons also included their decision to give Dean Ashton a new contract, which left them liable for a £5.81m payment when he was forced to retire because of injury.

For two years under the ill-fated Icelandic regime, West Ham's wages totalled around 80% of their annual turnover, nearly 20% higher than the Barclays Premier League average. Nick Igoe, the club's finance director, said West Ham's performance on the pitch was poor following their huge outlay.

"It is a truism to observe that a club's playing success (and almost certainly long term financial success) is largely dependent on how wisely it invests its available resources," Igoe wrote in the accounts.

"It has to be concluded that many of the group's investment decisions in the last two to three seasons have been ill-judged.

"Two players who signed in the summer 2007 transfer window, one of whom has since left the club, have started a combined total of 32 games and will have cost the group £34m over the term of their contracts.

"No football club can sustain this level of expenditure on underperforming members of its squad."

http://www.guardian.co.uk/football/...n-dyer-west-ham

Kieron Dyer is apparently on 60k/week. Unbelievable.

Rhgr
Sep 10, 2008

Ever present.


Transatlantic Gulp posted:

London tax

Yep. That and we shill the gently caress out of corporate boxes.

MoPZiG
Jun 6, 2006



Bovine Delight posted:

http://www.guardian.co.uk/football/...n-dyer-west-ham

Kieron Dyer is apparently on 60k/week. Unbelievable.

No surprises there. Unlike Chelsea, whose petrodollars have yet to dry up, we could not afford to make these kind of mistakes.

Babby Thatcher
May 3, 2004






Bellamy was pretty much perma-crocked too while he was there wasn't he? At least they were able to sell him on for decent money, but buying him, Dyer and Ljungberg, all made of paper by that stage, so closely together was crazy.

MoPZiG
Jun 6, 2006



Iggy Pop Barker posted:

Bellamy was pretty much perma-crocked too while he was there wasn't he? At least they were able to sell him on for decent money, but buying him, Dyer and Ljungberg, all made of paper by that stage, so closely together was crazy.

You were rightfully slagging off Harry earlier, compared to Curbishley though hes a prudent saint.

If the financial crisis hadnt have happened our Icelandic owners wouldve eaten these sunken costs, probably even bought more turnips, and noone would care if we even became 500m in the red.

Anyone trying to slag West Ham off as anything other than unlucky is a stinkyhole.

MoPZiG fucked around with this message at Mar 2, 2010 around 05:54

Adnar
Jul 11, 2002



Bit harsh bringing Ashton into it.

cheese
Jan 7, 2004

Shop around for doctors! Always fucking shop for doctors. Doctors are stupid assholes. And they get by because people are cowed by their mystical bullshit quality of being able to maintain a 3.0 GPA at some Guatemalan medical college for 3 semesters. Find one that makes sense.


Iggy Pop Barker posted:

Bellamy was pretty much perma-crocked too while he was there wasn't he? At least they were able to sell him on for decent money, but buying him, Dyer and Ljungberg, all made of paper by that stage, so closely together was crazy.

I enjoy watching Ljungberg in MLS now hah.

Dudley
Feb 24, 2003

Tasty

I think it's mostly corporates at Chelsea, the ticket prices for the league are high but I don't remember them being that much higher that Liverpool.

And the cup seats are usually half the price of league.

Loving Africa Chaps
Dec 3, 2007

We had not left it yet, but when I would wake in the night, I would lie, listening, homesick for it already.


Dudley posted:

I think it's mostly corporates at Chelsea, the ticket prices for the league are high but I don't remember them being that much higher that Liverpool.

And the cup seats are usually half the price of league.

corporate is a massive earner, 30% of matchday income at the emirates comes from club level and boxes

Total Meatlove
Jan 28, 2007


Rangers died, shoujo Hitler cried ;_;


Lyric Proof Vest posted:

corporate is a massive earner, 30% of matchday income at the emirates comes from club level and boxes

20% is from temporary briefcase storage.

DickEmery
Dec 5, 2004


Lyric Proof Vest posted:

http://www.guardian.co.uk/football/...ster-united-bid

more details on the people behind this takeover bid. They are a chief economist, hedge funds partners and bankers. All very very wealthy, worth hundreds of millions but no where near rich enough to make a cash purchase of a majority stake.

Key will be persuading the Glazers to sell

This is the crux of the matter though isn't it. They wont sell.

The Mash
Feb 17, 2007

You have to say I can open my presents


DickEmery posted:

Key will be persuading the Glazers to sell

This is the crux of the matter though isn't it. They wont sell.

BUT IF WE WAVE GREEN AND GOLD SCARVES IN THEM FACES THEYLL HAFTA SELL INNIT

duggimon
Oct 19, 2007

If I had a horse I'd buy it oats and fuck it


Cuban Chowder Factory posted:

can mattWPBS or someone else with a good grip on the debt repayment schedule explain to me why the government has waited until now to make a example of a football club for following what seemed like normal protocol? why on earth would HMRC have ever allowed for the players/lesser debtholders to jump ahead in line? did they feel bad about potentially being responsible for the downfall of so many clubs and decided to hold back? i know it's probably insensitive, but if i were HMRC i would be throwing the women and children into the flames to get my piece of the pie...

HMRC don't make the tax laws, they enforce them. It was decided by the government who do make the rules that employees of companies should be preferential creditors and anyone with specifically secured loans gets those repaid out of the money made when those assets they're secured against are sold.

In addition, according to Matt, I didn't know this, there's an additional rules for football clubs that makes other clubs preferential creditors too. HMRC are not exactly bottom of the pile but they are in the bottom pool of creditors along with a number of other organisations I'm sure.

The point of what HMRC are trying to do now is not to recover their money but to make an example of Portsmouth because too many clubs go into administration, decide on an agreement with their creditors that allows them to become debt free but only pay back part of the debt and then trade out of it leaving HMRC out of pocket. If they push instead for the winding up of the club then they hope to discourage others from getting in this situation in the first place or at least to encourage them to pay HMRC in full before administration becomes inevitable.

JingleBells
Jan 7, 2007

Oh what fun it is to see the Harriers win away!


duggimon posted:

HMRC don't make the tax laws, they enforce them. It was decided by the government who do make the rules that employees of companies should be preferential creditors and anyone with specifically secured loans gets those repaid out of the money made when those assets they're secured against are sold.

In addition, according to Matt, I didn't know this, there's an additional rules for football clubs that makes other clubs preferential creditors too. HMRC are not exactly bottom of the pile but they are in the bottom pool of creditors along with a number of other organisations I'm sure.

The point of what HMRC are trying to do now is not to recover their money but to make an example of Portsmouth because too many clubs go into administration, decide on an agreement with their creditors that allows them to become debt free but only pay back part of the debt and then trade out of it leaving HMRC out of pocket. If they push instead for the winding up of the club then they hope to discourage others from getting in this situation in the first place or at least to encourage them to pay HMRC in full before administration becomes inevitable.

One of the links here earlier (can't find the post now, but it's http://www.thelawyer.com/paying-by-...1003055.article ) says that HMRC tried to change the football creditors law in the courts and lost, not sure whether they're going to try again with the pompey case

duggimon
Oct 19, 2007

If I had a horse I'd buy it oats and fuck it


JingleBells posted:

One of the links here earlier (can't find the post now, but it's http://www.thelawyer.com/paying-by-...1003055.article ) says that HMRC tried to change the football creditors law in the courts and lost, not sure whether they're going to try again with the pompey case

even if they did they'd still be bottom of the pile but the football creditors would be ranked along with them

Akileese
Feb 6, 2005



http://news.bbc.co.uk/sport2/hi/foo...uth/8544183.stm

From what I could gather through Matt Slater's twitter was that the judge felt administration was the best course of action for the club. Apparently the next court date is to determine validity of appointment (which I assume means the appointment of an administrator).

Dudley
Feb 24, 2003

Tasty

Akileese posted:

http://news.bbc.co.uk/sport2/hi/foo...uth/8544183.stm

From what I could gather through Matt Slater's twitter was that the judge felt administration was the best course of action for the club. Apparently the next court date is to determine validity of appointment (which I assume means the appointment of an administrator).

They mean this specific administrator. Apparently someone's uncovered links with one of the 11,000 people that have owned Pompey this week.

Adnar
Jul 11, 2002



quote:

Lawyers told the court that Portsmouth's debts stood at £86m, £8m higher than the figure given by the administrator on Sunday. They valued the squad at £21m, £17m less than the estimate of the chief executive, Peter Storrie, last week.

I can't believe the club owe that much.. it means they were in debt like 160 million before they sold all the players? Anyone else think they're going to uncover some mass fraud or theiving when this all comes out in the wash?

Bacon of the Sea
Oct 16, 2008

Dog Suicide Bridge BBQ Team 2k10


I don't know what to think anymore, part of me thinks it must have been building for a fair while, but part of me wonders how they'd have convinced anyone to buy the club if the books said "Owe a bajingo million quid, losing millions a month, no real assets as we haven't paid for any of the players we've brought in yet, short term prospects = need mo money"

Babby Thatcher
May 3, 2004






Adnar posted:

Anyone else think they're going to uncover some mass fraud or theiving when this all comes out in the wash?

or to keep the thread shorter, does anyone think they WON'T? remember Mandaric, Storrie and Redknapp are all facing criminal charges.

remember also that they never paid anything like the full amount owed for most of the players they sold on in the first place - so money from sales is owed to someone else the second they recieve it. Glen Johnson, Sulley Muntari, Nadir Belhadj and Jermaine Defoe I know they were massively behind on payments for, I'm sure it's the same with most of their other names, past and present.

MrBling
Aug 21, 2003

Oozing machismo

There's a reason Spurs went in for Defoe, Crouch, Kranjcar and Kaboul. It was the easiest way to ensure they got something out of it before Portsmouth died completely.

Big Black Sock
Mar 12, 2007



MrBling posted:

There's a reason Spurs went in for Defoe, Crouch, Kranjcar and Kaboul. It was the easiest way to ensure they got something out of it before Portsmouth died completely.

That's quite the gamble if Portsmouth hadn't had gone under but it's definitely paying off for spurs.

MrBling
Aug 21, 2003

Oozing machismo

Big Black Sock posted:

That's quite the gamble if Portsmouth hadn't had gone under but it's definitely paying off for spurs.

I'm pretty sure that Redknapp could tell Levy exactly how bad things were at Pompey, and since they still owned money to Spurs from buying Defoe, Kaboul, Kevin Prince Boateng and probably even back to the Mendes, Davis and Pamarot triple deal it was easier to just say "we'll take these guys and then forget about the money you owe us".

lewi
Sep 3, 2006
King


MrBling posted:

I'm pretty sure that Redknapp could tell Levy exactly how bad things were at Pompey, and since they still owned money to Spurs from buying Defoe, Kaboul, Kevin Prince Boateng and probably even back to the Mendes, Davis and Pamarot triple deal it was easier to just say "we'll take these guys and then forget about the money you owe us".

I just hope Levy is bright enough to stop 'Arry doing the same thing to Spurs. I believe he is - financially he runs Spurs better than most of the other clubs in the premiership, but Redknapp seems to have a silver tongue...

Cuban Chowder Factory
Jun 3, 2002


i think if 'arry was going to run Spurs' transfer kitty/profits dry we would have seen a bunch of bizzare signings by him already. so far, so good...

Monday Bandele
Apr 26, 2008


The main thing I don't understand about the Portsmouth saga is that even with all this chaos surrounding them at start of the season, they decided to buy Tommy freakin Smith for £2million on a four year contract.

Cuban Chowder Factory
Jun 3, 2002


Monday Bandele posted:

The main thing I don't understand about the Portsmouth saga is that even with all this chaos surrounding them at start of the season, they decided to buy Tommy freakin Smith for £2million on a four year contract.

i guess they just wanted someone to put a bulge into the ol' onion bag.

Babby Thatcher
May 3, 2004






Cuban Chowder Factory posted:

i think if 'arry was going to run Spurs' transfer kitty/profits dry we would have seen a bunch of bizzare signings by him already. so far, so good...

there have been some, but low-level - he bought Pascal Chimbonda for a fairly small fee when they didn't really need him, sold him on ASAP for another smallish fee - goes without saying his agent is Willie McKay. fits his dodgy as gently caress model of transfer activity with certain agents purely for its own sake, but is insignificant enough not to matter on its own, especially at a big, financially stable club.

re: Tommy Smith - they didn't actually pay for him and this was a big factor in Watford narrowly avoiding administration a few months back - I *think* that's been sorted now when the PL just paid Pompey's TV money installment straight to their creditors. Still, Portsmouth's financial meltdown is toxic for football in general - Watford's problems in turn meant Rotherham missed out on payments from them, etc etc.

Babby Thatcher fucked around with this message at Mar 2, 2010 around 23:39

MoPZiG
Jun 6, 2006



Financial-Fairplay rules have been delayed.

quelle surprise

Loving Africa Chaps
Dec 3, 2007

We had not left it yet, but when I would wake in the night, I would lie, listening, homesick for it already.


MoPZiG posted:

Financial-Fairplay rules have been delayed.

quelle surprise

loving bullshit

Bacon of the Sea
Oct 16, 2008

Dog Suicide Bridge BBQ Team 2k10


MoPZiG posted:

Financial-Fairplay rules have been delayed.

quelle surprise

We all know it'll now get delayed till 2018 and then promptly forgotten about. UEFA will never green light these rule changes while they'd pretty much exclude 90% of top flight teams in most western leagues.

You'd end up with a Bari vs WBA champs league final.

Luigi Thirty
Apr 30, 2006

Emergency confection port.


Bacon of the Sea posted:

We all know it'll now get delayed till 2018 and then promptly forgotten about. UEFA will never green light these rule changes while they'd pretty much exclude 90% of top flight teams in most western leagues.

You'd end up with a Bari vs WBA champs league final.

Harriers/East Stirlingshire Europa final.

Bobby Digital
Sep 4, 2009


Bacon of the Sea posted:

We all know it'll now get delayed till 2018 and then promptly forgotten about. UEFA will never green light these rule changes while they'd pretty much exclude 90% of top flight teams in most western leagues.

You'd end up with a Bari vs WBA champs league final.

P sure Arsenal already meets the requirements.

Loving Africa Chaps
Dec 3, 2007

We had not left it yet, but when I would wake in the night, I would lie, listening, homesick for it already.


Bacon of the Sea posted:

We all know it'll now get delayed till 2018 and then promptly forgotten about. UEFA will never green light these rule changes while they'd pretty much exclude 90% of top flight teams in most western leagues.

You'd end up with a Bari vs WBA champs league final.

No the champs league would be a series between spurs and arsenal

Byolante
Mar 23, 2008

Cruel Britannia!


Bobby Digital posted:

P sure Arsenal already meets the requirements.

So does Stoke

Scott Bakula
Jul 24, 2007



Real Madrid would win every year after the local council buy a square foot of land off them for €400m.

Scott Bakula fucked around with this message at Mar 3, 2010 around 09:18

Dudley
Feb 24, 2003

Tasty

And Jose has hit it.

Because they can't ban rich owners. All a Chelsea or a City has to do is come up with some insane "Executive package" season box and sell it to *SOMEONE RUSSIAN* for £44.6M or so.

There's a million ways to dodge it and short of literally mandating prices, nothing they would be able to do.

Luigi Thirty
Apr 30, 2006

Emergency confection port.


Capello speaks on footballers' pay.

quote:

England manager Fabio Capello has blamed the amount of money paid to his stars for contributing to a series of off-field controversies.

Capello is concerned at the recent scandals which are threatening to undermine England's World Cup hopes.

"They are young boys, who are rich boys. This is the problem," he said.

"It is not only here. In Italy, in Germany, in Spain, in every country where football is so important it is the same problem."

Young football players get a bunch of money, and are irresponsible with it?

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dbaz
Sep 20, 2006

"I belong to NOBODY!!"

Thought you might like this. Its a debate about football finances from yesterday with a few people involved in the game and an audience of fans.

BBC blurb:

Mark Pougatch presents a special programme discussing the future of finance in football, live from Manchester. Including guests Gordon Taylor from the PFA, West Ham joint chairman David Gold, the BBC's Chief Economic Correspondent Hugh Pym, and Dan Johnson from the Premier League.

TV Show (50mins)
http://www.bbc.co.uk/iplayer/episod...iness_of_Sport/

Has a break for the news half way through, fast forward a bit.

Radio 5 Live Version (1hr 30mins)

http://www.bbc.co.uk/iplayer/episod...iness_of_Sport/
again has two breaks for news, fast forward again.

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