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Does Being Debt Free Make Us Vulnerable?

Discussion in 'Norwich City' started by Fatter than Fleck, Oct 10, 2013.

  1. canary_max

    canary_max Well-Known Member

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    it's been reported that Real Madrid are £500m in debt, and their current liabilities, creditors they have to pay soon, are greater than their bank balance
    oops
     
    #21
  2. Superman wears Grant Holt pyjamas in bed

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    its about time real madrid got taken to task with how they run their club
     
    #22
  3. YellowLittle

    YellowLittle Well-Known Member

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    I don't think the club would be sold to anyone just because of their bank balance. We are in such a fortunate position that our owners love the club and there is no way they would sell to anyone who didnt have the club at heart.
     
    #23
  4. Superman wears Grant Holt pyjamas in bed

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    if only it were that simple!

    there were plenty of loving norwich fans who'd happily have sold the club to peter cullum a few years ago, a man who said he had the club at heart as a boyhood fan. although we'll never know, i suspect we now wouldn't have a club to support had he got his mitts on the club. thankfully, our directors saw through him but as i say, there were a number of our fans who couldn't understand why we would turn down his money. some were furious that he wasn't accepted onto the board! as long as mcnally is at the club i feel the club is in safe hands but its wrong to assume that whoever eventually does take the club forward in the future will 100% have the right intentions. we can only hope those at the helm are astute enough to find the right people/person...
     
    #24
  5. Walsh.i.am

    Walsh.i.am Well-Known Member
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    Yes, but I bet the previous owners at Cardiff said very similar and before you know it, the new regime have changed from traditional blue shirts to red, and now got rid of one of Malky's right hand men without his consent.

    It may all sound like a bowl of cherries at the outset, but given time.......:emoticon-0112-wonde
     
    #25
  6. YellowLittle

    YellowLittle Well-Known Member

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    Funnily enough I was going to use Cullum as an example that the board will be very picky and make sure any new owners would be right for the club.
     
    #26
  7. robbieBB

    robbieBB Well-Known Member

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    Isn't a great part of the problem encapsulated in that phrase "right for the club"? When a change becomes unavoidable, "what is right for the club" can only mean "the best option available at the time". But that best option may not, in YellowLittle's sense, be "right" for the club. Which of the five billionaire playboys competing to buy should we sell to, is not quite what we think "What's right for the club" means! <ok>
     
    #27

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