| Burnley Takeover on 15:53 - Feb 2 with 1521 views | toboboly |
It is what happened with Man U isn't it? The debt is put upon the team and the owners reap the benefits. |  |
| Sexy Asian dwarves wanted. |
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| Burnley Takeover on 15:56 - Feb 2 with 1510 views | TomS |
If you bought a Buy to Let apartment, you'd use the rental income from it to pay off the mortgage you borrowed to buy it from the previous owners. |  | | |
| Burnley Takeover on 15:58 - Feb 2 with 1494 views | loftboy |
Shouldn’t be allowed. Get relegated and theyre fûcked |  |
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| Burnley Takeover on 20:01 - Feb 2 with 1197 views | The_Beast1976 |
| Burnley Takeover on 15:56 - Feb 2 by TomS |
If you bought a Buy to Let apartment, you'd use the rental income from it to pay off the mortgage you borrowed to buy it from the previous owners. |
As a society we love using debt, based on perceived future income/profits and suchlike, to pay for things in the here and now. It doesn't half cause problems though when it all goes t1ts up!!!
Whilst football clubs remain businesses, they are fair game for this just like everything else (as you point out with your example) [Post edited 2 Feb 2021 20:03]
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| Burnley Takeover on 20:16 - Feb 2 with 1141 views | BrianMcCarthy |
We have rules to stop clubs running up debts but no rule to stop owners inflicting massive debt while purchasing. |  |
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| Burnley Takeover on 09:17 - Feb 3 with 929 views | toboboly |
| Burnley Takeover on 20:16 - Feb 2 by BrianMcCarthy |
We have rules to stop clubs running up debts but no rule to stop owners inflicting massive debt while purchasing. |
Add the tendency of clubs to get loans in advance based on the future tv money payments. That shouldn't be allowed, a one way street of debt and future issues. | |
| Sexy Asian dwarves wanted. |
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| Burnley Takeover on 09:20 - Feb 3 with 920 views | Clive_Anderson |
The whole thing is fcked.
They do it with businesses as well....a hostile takeover with borrowed money and then transfer all the debt to the business and asset strip everything to steal all the money leaving a business destroyed and people unemployed. | | | |
| Burnley Takeover on 09:26 - Feb 3 with 906 views | bosh67 |
I saw Alan Pace on Football Focus at the weekend and he comes across very well. Not your usual hedgefund w*nker type. |  |
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| Burnley Takeover on 09:43 - Feb 3 with 874 views | rsonist |
| Burnley Takeover on 09:26 - Feb 3 by bosh67 |
I saw Alan Pace on Football Focus at the weekend and he comes across very well. Not your usual hedgefund w*nker type. |
A Mormon in charge of Burnley feels about right. |  | | |
| Burnley Takeover on 11:02 - Feb 3 with 781 views | Boston |
| Burnley Takeover on 09:43 - Feb 3 by rsonist |
A Mormon in charge of Burnley feels about right. |
They used to have a ‘Norman’ at Port Vale, didn’t work out well. | |
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| Burnley Takeover on 11:25 - Feb 3 with 751 views | gobbles |
| Burnley Takeover on 20:01 - Feb 2 by The_Beast1976 |
As a society we love using debt, based on perceived future income/profits and suchlike, to pay for things in the here and now. It doesn't half cause problems though when it all goes t1ts up!!!
Whilst football clubs remain businesses, they are fair game for this just like everything else (as you point out with your example) [Post edited 2 Feb 2021 20:03]
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It is considered poor form for any super-rich businessman to ever put up any of their own money.
That's how the world works. Borrow against the assets you are buying, if it works out you can pull in a fortune, if it doesn't, your own wealth is protected.
Football clubs have always been a dodgy business. When Dave Webb bought Brentford in the 90s, he got it for free and took on the debts. He paid off the debts by selling off players and then sold on a debt-free club to Ron Noades. That they were relegated in the meantime was not a huge concern. |  | | |
| Burnley Takeover on 11:43 - Feb 3 with 718 views | StanFan |
I keep saying this about FFP (or whatever it's called now). The rules should limit club debt not club spending. That way an owner could spend as much as he/she wants but can't saddle the club with huge debts. That is much more likely to stop clubs going under (which is the stated aim of FFP) and much more likely to stop this sort of nonsense.
Of course, it will never happen as this would mean that upstart clubs could challenge the big boys if they found a rich owner who is prepared to spend (like Man City, Chelsea, etc. did). |  | | |
| Burnley Takeover on 11:47 - Feb 3 with 705 views | kensalriser |
Funny (strange) how the most unlikely people turn out to be socialists. |  |
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| Burnley Takeover on 11:47 - Feb 3 with 703 views | Rangersw12 |
I'm sure a similar thing happened with Sunderland | | | |
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