tobes in fairness now hang on... of course arsenal borrowed the capital for the stadium. all businesses would cos you hold the cash and write off this v profits and tax for as much as you are worth. the company i work for bought someone and did the same thing thus fiddling the government out of years of taxable profits. like i said lfc have about 60mil cash on hand and will not spend it on players OR stadiums. there is a budget for transfers and there is a capital process for stadium if it ever happens. i suggest you go look at lfc accounts.
Exactly: We were told a figure and used it as a bid: broke rules got fined. Arsenal have came back with a bid that could only have come from the parties involved and it wasn't us. I would hope the FA would see through any attempt to suggest that Arsenal made a multi million bid based on the bbc gossip column or twitter.
I have done & you're talking out your hairy hoop lad. LFC do not have £60m cash reserves, they have a £120m loan facility in place, that is a glorified flexible overdraft. If you care to correct me, post a link, otherwise move on. As for Arsenals stadium funding, they funded the build with long term debt which in essence is akin to a mortgage. It's in no way a tax fiddle, as they didn't have the collateral at the time they funded it. The cash reserves have been built up post their move, thus showing what a fine business decision it was in the first place. They're an exceptionally well run & financial sound club.
Read it again Tobes! If I sell you my car I don't give a fig how you fund it! And United are a classic example of just how debt does not matter provided that you have enough income to fund it.
I have always thought Arsenal were alright for a London club and as mentioned I like Wenger majority of the time Its you I dislike, as I say, you're a bellend
They even tried to get Heinze to take Man U to court when they tried to sign him. Obviously it didn't work out. Guess what goes around comes around.
I don't see the relevance to the convo mate, but of course the buyer doesn't give a stuff. Agreed on United, manageable debt isn't an issue at all, my point was that having £123m cash reserves as a football club, given the performance of most of it's peers, is an impressive feat. I wish my club was run in a similar vein with someone with vision & balls, leading it. We could have been on Kings Dock now *daydreams* if we'd have had Arsenal'esque management.
I think Bayern and other German clubs are in an even healthier position - Bayern in particular invest heavily on their playing staff whilst maintaining a healthy set of accounts .
tobes....first that 120mil is nothing like what i'm talking about. in 2010 when g&h nearly busted us out CASH on hand was about 19mil... http://invinciblebastion.files.wordpress.com/2011/05/lfc-aa-2010.pdf since then.... http://www.financialfairplay.co.uk/resources/Liverpool-FC-accounts-2011-12.pdf cash on hand is 5mil and a whopping 48mil is with creditors and due to be paid within one year.. unfortunately as the accounts are not out so far http://www.theliverpoolword.com/2013/04/liverpool-f-c-s-recent-accounts-reading-beyond-the-numbers/ is all i can give you. LFC have not had massive on off payments yet again this year bar of course mr cole so the current assets will be around 60mil do you think we only have like 2million in the bank to cover each months wages or what? It takes an age to dig for lfc accounts, has done since parry got involved but it bacame impossible after g&H took over. now its only a small bit better. suddenly however you are telling em what i just told you... i told you arsenal had still stadium debt and further i told you clearly it was manageable so you come back and tell me that its a mortgage... of course it is! however as a company they are ENTITLED to put that debt on their balance sheet as a liability and ergo it lessens the tax they pay... simple. if they paid it all off they'd just pay more tax on their profits. I have no issue with arsenal's model. i'm merely point out you are wrong about them having a completely paid for stadium! however lets be fair as arsneal are open book and a great club here are thier last accounts.http://www.arsenal.com/assets/_file...1318505667_Arsenal_Holdings_plc_-_Interim.pdf i think everyone either lfc fan or not needs to go look at these cos i have before... read cash on hand or on short term deposit... 110million. page 17 breaks that down... i have said earlier i believed arsenal had the money to back their talk..... these accounts show how a proper well run company should be telling its shareholders. Again i've not accused arsenal of anything you think i did.
In your WUM attempts you appear to have lost track of who was agreeing with what here...you know it still leads back to Arsenal tapping up Saurez yes Thats what that conversation was about, you got it? Us being gulity of things we are now accusing you of in the past has no relevance on the fact you did it....You know that right. you're not just jumping on any comment to spout absolute garbage are you? You're not here to talk ****e around and around in circles right? It's just you seem to be a bit directionless in your though processes. I've seen it happen to some WUMS they get stuck in a kind of mental loop which eventually leads to them arguing with themselves. It's quite spectacular.
finally. http://ir.manutd.com/phoenix.zhtml?c=133303&p=irol-newsArticle&id=1736054 utd only had 70mil cash on hand but that only shows how arsneal have underinvested
German football in general is incedibly well run mate & you can get in for £10! Quite why the EPL isn't looking to copy it, is beyond me.
http://www.evertonfc.com/assets/_fi...1357208599_Everton_Financial_Accounts_201.pdf actually not finally.. everotn.. for tobes...
and i also agree totally with this point. this one cannot be argued with in the slightest... i think wolfsburg was the closest that league came to the sillyness.
MITO you patently haven't got a scooby on this issue & have posted nothing there that backs up your claim that LFC have £60m cash reserves. I can save you the bother of looking any further, AS THEY ****ING HAVEN'T Funny that you've even tried lumping in balance sheet creditors as 'proof' of your claim mate.
ummm Luis Suarez‏@luis16suarez19 Aug 11 On the train going to London! En el tren de camino a Londres! http://fb.me/DsPEbITp Juuusssttt kiddddiiinngggg
Can't wait till he's biting people and diving for them, the media will still continue to slag him off and he'll then start to moan about it. Looking forward to it! Get the deal done quickly, £50m and no less! We need to stand firm! Then move on and get some top signings in, Soldado would be a start .
The reason that I referred back to Weinstock was that GEC were in the same position as Arsenal are now. He had masses of accumulated profits that the City believed that he would use for major investments. The more his war chest grew the less inclined he appeared to be to take major risk. The more risk averse he became the more he hinted at future investments. Real Catch 22. I've no gripes with Arsenal as a club and how they have been managed both commercially and on the field. It does have problems as have been widely discussed. It's time for the whole Arsenal board to now prove that they can be equally successful in managing risk. You can be cash rich but strategically poor.
