EPL Talk: The beginning of the end for debt ridden clubs?
Specter
· 1 year ago
Yes, Chelsea is in debt - but we are really at no risk of going bust. Roman Abramovich owns Chelsea Football Club. A bank owns Manchester United and Liverpool. With so many banks in major debt, if these banks are nationalized they could very easily call up these debts at once. That could very well spell the end of these clubs unless another investor was to come in and take up these huge debts. I think Liverpool are at more risk than Manchester United, but it could happen to them as well.
Patrick
· 1 year ago
Lets face it. The people that own the clubs, who run the league are incompetent . Corrupt. Have very little understanding of who actually supports the league and the League leaders don't get international finance.
That said. The entire league is in jeopardy. not just West Ham. or Man U or anyone. but even Man City... but then again... pretty much every thing is in jeopardy right now.
I personally think the entire world will change in the next 6 months economically and who knows how the EPL will be effected. but they will still kick off every Saturday, and we'll still sing.
AtlantaPompey
· 1 year ago
I don't see any clubs folding or collapsing like Leeds Utd or Wimbledon, but I do see a major change in the way business is transacted. I would be willing to bet that this January's transfer window will see almost no major transactions due to the financial situation.
The German Bundesliga requires every club to submit budgets, business models, and expense reports every season and the club must prove it can satisfactorily stick to the budget. You never hear about debts with those clubs. Sure, that league is probably not the best in the world from a competitive standpoint, but they have outstanding stadium, a great fanbase, and sufficient revenue to cover their expenses. Isn't that what businesses are supposed to do? I could see them being the next 'big' league in Europe once the financial situation forces other leagues such as the EPL to step back and reassess their business model.
All Comments
That said. The entire league is in jeopardy. not just West Ham. or Man U or anyone. but even Man City... but then again... pretty much every thing is in jeopardy right now.
I personally think the entire world will change in the next 6 months economically and who knows how the EPL will be effected. but they will still kick off every Saturday, and we'll still sing.
The German Bundesliga requires every club to submit budgets, business models, and expense reports every season and the club must prove it can satisfactorily stick to the budget. You never hear about debts with those clubs. Sure, that league is probably not the best in the world from a competitive standpoint, but they have outstanding stadium, a great fanbase, and sufficient revenue to cover their expenses. Isn't that what businesses are supposed to do? I could see them being the next 'big' league in Europe once the financial situation forces other leagues such as the EPL to step back and reassess their business model.