From JP Morgan financial underwriters of the Super League

Board member, Linda Bammann, shares her best advice for staying resilient in challenging times: “Stay true to your values.”
 
If the BCC are so much in need of the Super League cash, then perhaps a points deduction is the fairest solution. They've clearly failed to keep within FFP guidelines.

Barcelona £1.4bn debt
Man Utd £474m debt
Spurs £1.17bn debt
Chelsea £1.3bn debt
Real Madrid £1.173bn debt
Juventus £330m debt
Inter £630m debt
Arsenal £200m debt
Liverpool £350m debt
Man City £173m in debt

These are just guesswork figures from quick searches.

This is the real story behind the Super League. It is a debt cancellation plan for the so-called big clubs; which have been mismanaged beyond belief. For ordinary clubs, this means points deductions, relegation and shame. For the BCC, they just plan a new league and try to shaft everyone else.

Never to be forgotten. Never to be forgiven.
 
If the BCC are so much in need of the Super League cash, then perhaps a points deduction is the fairest solution. They've clearly failed to keep within FFP guidelines.

Barcelona £1.4bn debt
Man Utd £474m debt
Spurs £1.17bn debt
Chelsea £1.3bn debt
Real Madrid £1.173bn debt
Juventus £330m debt
Inter £630m debt
Arsenal £200m debt
Liverpool £350m debt
Man City £173m in debt

These are just guesswork figures from quick searches.

This is the real story behind the Super League. It is a debt cancellation plan for the so-called big clubs; which have been mismanaged beyond belief. For ordinary clubs, this means points deductions, relegation and shame. For the BCC, they just plan a new league and try to shaft everyone else.

Never to be forgotten. Never to be forgiven.
Spurs would be insolvent in any other business.
 
I think the President of Real is saying he is trying to save his football club...

Would football be a loser, if some of the BCC went the way of Bury?
 
They were also behind the Bank for International Settlements. Which was supposed to funnel German money to reparations for WWI; but was used instead to fund Hitler's rearmament programme.
 
Paid off the debt on that 100 years later. The House made an immediate £30m (in WW1 Money) in their brokerage role.
 
I once had a conversation with a very knowledgeable (American) sports fan from Boston - big Red Sox fan. He asked me what ‘soccer’ team I supported. It was in the January of 15/16 season and Leicester mania was just starting to take of worldwide. He had heard of Leicester, but didn’t get the significance of what we were achieving cus he just assumed the Prem was franchise based just like all big Yank sport. When I explained about about the pyramid, and how it was possible (but not probable) for a ‘village’ team to progress up the pyramid and end up playing ‘the big six’ it sort of blew his mind. He really couldn’t get the concept of meritocracy in big professional sport (strange because in the States they claim anyone can succeed).
 
If the founding members of the Football League had closed shop. There would be no BCC. Well not the current ones.
 
I once had a conversation with a very knowledgeable (American) sports fan from Boston - big Red Sox fan. He asked me what ‘soccer’ team I supported. It was in the January of 15/16 season and Leicester mania was just starting to take of worldwide. He had heard of Leicester, but didn’t get the significance of what we were achieving cus he just assumed the Prem was franchise based just like all big Yank sport. When I explained about about the pyramid, and how it was possible (but not probable) for a ‘village’ team to progress up the pyramid and end up playing ‘the big six’ it sort of blew his mind. He really couldn’t get the concept of meritocracy in big professional sport (strange because in the States they claim anyone can succeed).
American professional team sport is operatred as a closed shop but the NFL, NBA, NHL, MLB & MLS all have player draft systems which, in theory, allow for teams to go through a cycle of success. It works for the States sports, slightly alien to us here in Europe.
 
Could anyone therefore reliably inform me of when the next cycle of success will happen for the Raiders?

Not a sniff since Culture Club ruled the charts
 
just a thought, but leicester have loans through mcquarrie bank, which is secured against future tv payments.

if future tv money is (significantly) lower than expected - due to the BCCs clearing off and sky then having recourse - we may find ourselves in some trouble repaying mcquarrie.
 
just a thought, but leicester have loans through mcquarrie bank, which is secured against future tv payments.

if future tv money is (significantly) lower than expected - due to the BCCs clearing off and sky then having recourse - we may find ourselves in some trouble repaying mcquarrie.
Not as much as Spurs will without the ESL.
 
just a thought, but leicester have loans through mcquarrie bank, which is secured against future tv payments.

if future tv money is (significantly) lower than expected - due to the BCCs clearing off and sky then having recourse - we may find ourselves in some trouble repaying mcquarrie.
I believe it's short-term borrowing, against revenue due from an already-contracted TV deal. I can see no way in hell that the BCCs will be leaving the PL in the next 24 months.
What this announcement will bugger up is the previously-imminent next auction of UK PL rights...
 
If the BCC are so much in need of the Super League cash, then perhaps a points deduction is the fairest solution. They've clearly failed to keep within FFP guidelines.

Barcelona £1.4bn debt
Man Utd £474m debt
Spurs £1.17bn debt
Chelsea £1.3bn debt
Real Madrid £1.173bn debt
Juventus £330m debt
Inter £630m debt
Arsenal £200m debt
Liverpool £350m debt
Man City £173m in debt

These are just guesswork figures from quick searches.

This is the real story behind the Super League. It is a debt cancellation plan for the so-called big clubs; which have been mismanaged beyond belief. For ordinary clubs, this means points deductions, relegation and shame. For the BCC, they just plan a new league and try to shaft everyone else.

Never to be forgotten. Never to be forgiven.
How much are these loans against a stadium or training ground? These are allowed in FFP and will always be financed somehow.

Also remember Arsenal’s 200 million debt is nothing really, a couple of player sales will sort this out.

Chelsea’s debt really surprises me, how can they be over a billion in debt?

Man Ure have been in debt since the Glazers bought the club.
 
A graphic in my paper shows that Chelsea are the only big twelve club which is in surplus (16.6m).
So we just need to overlook the looting of the Soviet economy now..
Incidently we are 19th in the rich list in Europe...
 
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