The Spanish King gifted the land back to Real I think.
RAP
It was far more than Souness. Yes he was an awful manager, but the rot at Anfield went far deeper than that.
I hope one day United reach the revenue streams that Madrid generate Going to require hard work on the pitch though
-----------
By the time anyone does that, their revenues will have soared even further although with the weakening of the Spanish league, even Madrid and Barca could be hurt by that in the long term. That makes their hoarding of all the TV money from the other teams very shortsighted and stupid.
Comment deleted by Site Moderator
Comment deleted by Site Moderator
Comment deleted by Site Moderator
according to page 11 of this
http://www.deloitte.com/assets/Dcom-UnitedKingdom/Local%20Assets/Documents/Industries/Sports%20Business%20Group/uk-sbg-football-money-league-2013.pdf
Even if we had the extra 71m TV revenue that Real get more than us, we would still be about 40m behind them in total and still around 20m below Barca
LFC still in top ten despite being out of CL
Of course the other albatros around Liverpool's neck is Anfield.
Comment deleted by Site Moderator
Comment deleted by Site Moderator
Leiva
Everton are in the top ten without hardly ever being in the CL.
Comment deleted by Site Moderator
comment by Vidicschin (U3584) posted 3 minutes ago
Of course the other albatros around Liverpool's neck is Anfield.
---------------
It's true, it's one of the negative impacts of having the stadium located where it is, right in the middle of a resedential area. It's in the centre of the community but the cost of adding any extra seats goes way beyond the simple cost of building.
comment by Leiva la vida Lucas {Proud owner of the 5 000 000th comment} (U2720)
posted 7 minutes ago
Talking about Europe VC
.................
What with more of these oil men buying up teams, it will soon be hard for Liverpool to stay there.
I will guess PSG will jump into that list next year.
It really is a good job you have a large fan base.
I don't like United, but I definitely respect them.
I don't like United either
One thing that was noted was that extra revenue will be received next year for all clubs due to the new broadcasting deals, but this is unlikely to have an effect on the clubs debt position as the majority of the new money will be passed on to the players through wages.
One point I would like clarifying; if Roman walks, Chelsea would owe Roman nearly £1bn. But seeing as Roman owns Chelsea, isn't he, essentially, Chelsea? Who would owe this money to Roman? The holding company?
I dont know what PSG's progress off the field has been like since the new owners but they arent even in the top20 on that list so i doubt there'll be a massive jump from them.
City's jump is because their owners got other middle eastern investors to strike sponsorship deals with the club. Also renaming the stadium has huge figures involved
Leiva
PSG will have to do the same, or else they will fall foul of FFP, and will not be allowed in the CL.
One point I would like clarifying; if Roman walks, Chelsea would owe Roman nearly £1bn. But seeing as Roman owns Chelsea, isn't he, essentially, Chelsea? Who would owe this money to Roman? The holding company?
---------------------------------------------------------------------------
Chelsea FC PLC is debt free
All loans to the club have been converted into equity (shares)
Roman owns all the shares and the debt is carried by Fordstam (his holding company)
All this talk of CFC being nearly a billion in debt is tosh
BTW Roman has no intention of walking
comment by Lovin' the Bebbs (Melbourne Red) (U5417) posted 4 minutes ago
One point I would like clarifying; if Roman walks, Chelsea would owe Roman nearly £1bn. But seeing as Roman owns Chelsea, isn't he, essentially, Chelsea? Who would owe this money to Roman? The holding company?
------------------------------------------------------------
What do you mean by walks? If he sells up then the new buyers will owe Roman the money he put in, in the same way that any investor would be owed if they are bought out.
All loans to the club have been converted into equity (shares)
Roman owns all the shares and the debt is carried by Fordstam (his holding company)
------------------------------------------------------------------
This makes no sense. Due to the accounting policy if you are creating massive shareholder deficit you also must be creating massive liabilities.
I have just opened Chelsea FC accounts filed at companies house. They have an equity defecit of £503m and long term liabilites of £736m and short term of £115m.
Of the long term debt - £692m is owed to group. That is a loan. 43m is owed to other clubs for players.
I thought Real didn't own their training ground any more? Wasn't it bought off by the government and is now rented back to them? Or was that just 'one of those stories'
------------------------------
Its just one of those stories.
People in england seem to have it in their head that the government in spain just gave madrid a bunch of cash for their training ground. this never happened.
the spanish government rezoned the land so as it could be used for commercial development. This made the land a more attractive option to investors, so madrid sold it for a nice sum. They then built a new training ground. There was not really anything untoward about the whole scenario.
Sign in if you want to comment
Financial Review of Football
Page 5 of 9
6 | 7 | 8 | 9
posted on 6/6/13
The Spanish King gifted the land back to Real I think.
posted on 6/6/13
RAP
It was far more than Souness. Yes he was an awful manager, but the rot at Anfield went far deeper than that.
posted on 6/6/13
I hope one day United reach the revenue streams that Madrid generate Going to require hard work on the pitch though
-----------
By the time anyone does that, their revenues will have soared even further although with the weakening of the Spanish league, even Madrid and Barca could be hurt by that in the long term. That makes their hoarding of all the TV money from the other teams very shortsighted and stupid.
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
according to page 11 of this
http://www.deloitte.com/assets/Dcom-UnitedKingdom/Local%20Assets/Documents/Industries/Sports%20Business%20Group/uk-sbg-football-money-league-2013.pdf
Even if we had the extra 71m TV revenue that Real get more than us, we would still be about 40m behind them in total and still around 20m below Barca
posted on 6/6/13
LFC still in top ten despite being out of CL
posted on 6/6/13
Of course the other albatros around Liverpool's neck is Anfield.
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
Leiva
Everton are in the top ten without hardly ever being in the CL.
posted on 6/6/13
Comment deleted by Site Moderator
posted on 6/6/13
Talking about Europe VC
posted on 6/6/13
comment by Vidicschin (U3584) posted 3 minutes ago
Of course the other albatros around Liverpool's neck is Anfield.
---------------
It's true, it's one of the negative impacts of having the stadium located where it is, right in the middle of a resedential area. It's in the centre of the community but the cost of adding any extra seats goes way beyond the simple cost of building.
posted on 6/6/13
comment by Leiva la vida Lucas {Proud owner of the 5 000 000th comment} (U2720)
posted 7 minutes ago
Talking about Europe VC
.................
What with more of these oil men buying up teams, it will soon be hard for Liverpool to stay there.
I will guess PSG will jump into that list next year.
It really is a good job you have a large fan base.
posted on 6/6/13
I don't like United, but I definitely respect them.
I don't like United either
posted on 6/6/13
One thing that was noted was that extra revenue will be received next year for all clubs due to the new broadcasting deals, but this is unlikely to have an effect on the clubs debt position as the majority of the new money will be passed on to the players through wages.
posted on 6/6/13
One point I would like clarifying; if Roman walks, Chelsea would owe Roman nearly £1bn. But seeing as Roman owns Chelsea, isn't he, essentially, Chelsea? Who would owe this money to Roman? The holding company?
posted on 6/6/13
I dont know what PSG's progress off the field has been like since the new owners but they arent even in the top20 on that list so i doubt there'll be a massive jump from them.
City's jump is because their owners got other middle eastern investors to strike sponsorship deals with the club. Also renaming the stadium has huge figures involved
posted on 6/6/13
Leiva
PSG will have to do the same, or else they will fall foul of FFP, and will not be allowed in the CL.
posted on 6/6/13
One point I would like clarifying; if Roman walks, Chelsea would owe Roman nearly £1bn. But seeing as Roman owns Chelsea, isn't he, essentially, Chelsea? Who would owe this money to Roman? The holding company?
---------------------------------------------------------------------------
Chelsea FC PLC is debt free
All loans to the club have been converted into equity (shares)
Roman owns all the shares and the debt is carried by Fordstam (his holding company)
All this talk of CFC being nearly a billion in debt is tosh
BTW Roman has no intention of walking
posted on 6/6/13
comment by Lovin' the Bebbs (Melbourne Red) (U5417) posted 4 minutes ago
One point I would like clarifying; if Roman walks, Chelsea would owe Roman nearly £1bn. But seeing as Roman owns Chelsea, isn't he, essentially, Chelsea? Who would owe this money to Roman? The holding company?
------------------------------------------------------------
What do you mean by walks? If he sells up then the new buyers will owe Roman the money he put in, in the same way that any investor would be owed if they are bought out.
posted on 6/6/13
All loans to the club have been converted into equity (shares)
Roman owns all the shares and the debt is carried by Fordstam (his holding company)
------------------------------------------------------------------
This makes no sense. Due to the accounting policy if you are creating massive shareholder deficit you also must be creating massive liabilities.
I have just opened Chelsea FC accounts filed at companies house. They have an equity defecit of £503m and long term liabilites of £736m and short term of £115m.
Of the long term debt - £692m is owed to group. That is a loan. 43m is owed to other clubs for players.
posted on 6/6/13
I thought Real didn't own their training ground any more? Wasn't it bought off by the government and is now rented back to them? Or was that just 'one of those stories'
------------------------------
Its just one of those stories.
People in england seem to have it in their head that the government in spain just gave madrid a bunch of cash for their training ground. this never happened.
the spanish government rezoned the land so as it could be used for commercial development. This made the land a more attractive option to investors, so madrid sold it for a nice sum. They then built a new training ground. There was not really anything untoward about the whole scenario.
Page 5 of 9
6 | 7 | 8 | 9