Mikhail Chigorin wrote: Scatman wrote: city72 wrote: john@staustell wrote:
edge275 wrote:Arsenal second? Sounds like fake news to me.
Debt seems to weigh heavily. Hence the RAGS are 7th. Arsenal don't have any and have very rich owners and pots of money. Which they don't use of course but it's all about potential.
Why would rags have so much money in the bank with such debts? It's like me having £100k in bank getting 0.5% interest and having a £100k mortgage getting charged 2.5% intrest!
", while only Manchester United have more money in the bank (£307m) than Arsenal's £300m."
How would they settle the milk bill/waste money on shit players if they used all their cash to pay off the mortgage?
Moreover, when the Glazers finally decide to pull out, before they do, they can transfer all the Scum's cash balances elsewhere to suit their own ends. Then, when they do pull out, there will only be debts at the Swamp, leaving the potential for the Club to capsize. They're only in it for the money.
It's all good stuff really.
Wrong assumption there . No self respecting Chinese Businessman would get conned with that .
Similarly, no Oil rich person would inherit such debts.
Truth is, whatever their Market worth is, it is way too expensive to buy and get a decent ROI.
Their Stadium is due massive improvement that would force a drastic cut in their attendence ( it really is a shit hole under the stands trying to get a half time pint).
As Carrott says , „BMW, in the driveway and sod all in the fridge“.