maguskwt wrote:Oh ok... the owners tried to find new investment and couldn't and you admit that it may be for some of the reasons I put forward and at the same time I'm the one who has difficulty in understanding the concept. Thanks for patronizing me [email=s@int...]s@int...[/email] maybe you should be BFF (best friends forever) with Rafa if ppl on here are to be believed that he's an egocentric person.
Our debts are rising at 50 million a year and now is at 350 million. Correct me if I'm wrong. I don't pretend to be an expert at these things. Arsenal's stadium reportedly cost 390 million. What is 150 million of new investment gonna do s@int?
And as for a new manager who needs to spend zero and still challenge for the title... pls pls pls tell me who he is... I'll kiss his feet, give him my daughter in marriage (if I had one) whatever and beg him to go to anfield.
A new owner who is willing to wipe off the debt IS a requirement now and at the same time we should work on getting back into the CL and making profits again. And then we can think about the new stadium.
So my house against yours? In 2 years time? done deal...
Oh ok... the owners tried to find new investment and couldn't and you admit that it may be for some of the reasons I put forward and at the same time I'm the one who has difficulty in understanding the concept. Thanks for patronizing me [email=s@int...]s@int...[/email]
Sorry I wasn't meaning to be patronizing.
Our debts are rising at 50 million a year and now is at 350 million. Correct me if I'm wrong. I don't pretend to be an expert at these things. Arsenal's stadium reportedly cost 390 million. What is 150 million of new investment gonna do s@int?
I have already explained this but I will try once more.
At july 2009 our assets were worth £120million LESS than our debt, (Technically a bankrupt company), and our debt can no longer be serviced.i.e. we can't afford to pay the interest on the loan from profits. So unsurprisingly the bank wont lend more money to start the build on a new stadium. We need to reduce the debt down by at least £120million (I allowed £150million because we are a year older and presumably deeper in debt as the song goes, but in truth the more the merrier)
Once having reduced the debt, we can then negotiate to borrow money against the stadium build and the ensuing extra profit that will raise. The usual way this is done is in stages, they lend us some money ...... we spend that money on the stadium, they then lend us some more money on the increased value of the stadium build. We then build a bit more etc etc until the stadium is built. At which time we have a stadium debt of say £350million which if we got our figures right will be serviced by the increased profit from the new stadium.
Presumably during this time we will sell naming rights of the new stadium which will also help in reducing the debt.
Thats as clear as I can make it
I think Kenny is already married mate but if you feel the need to kiss is feet .... you wont be the first.
No mate you bet your house ..... I never said anything about mine.