Chelsa owe Abranovich 726 million

[walshawblue]

accoring to Yahoo sport
Roman Abranivich is still owed 726 million pounds by Chelsea despite reports that he has written off the loan
Chelsea accounts for 2008-09 announced that Abranovich's enormous loan to the West London club he owns had been converted into shares
But a report in the Guardian reveals that since Abranovich made his loan to a holding company,rather then the club itself,his debt is yet to be repaid.
The clubs debt to the holding company was converted into shares,but the holding company's debt to Abranovich has yet to be repaid.
"The loan is intrest free ,but it is repayable if Abranovich gives 18 months notice".writes David Conn of the guardian
' the russian could still demand the money back some day,either if the club is making a profit or if he were to sell it'
'He has not in fact ,written of the h=uge loans he has made on his Chelsea adventure
'

interesting

[Mike J]

Abranivich, Abranovich??? who?

;-)

[Slim]

It's like looking 5 years into the future isn't it?

[Wooders]

did sheiky pull the same stunt?

[Slim]

did sheiky pull the same stunt?

Who knows, but the financial workings of Manchester City I am sure is a foreign language to us all and I doubt they would just come out and say it anyway.

[irblinx]

did sheiky pull the same stunt?

The huge amount that the Sheikh plunged in to the club was converted with much fanfare at the time

[OliverHardy]

did sheiky pull the same stunt?

Nope, he initially loaned it but then they effectively cleared it all down. We are not in the same boat as them

http://www.guardian.co.uk/football/2010/jan/06/sheikh-mansour-manchester-city-investment

[Slim]

did sheiky pull the same stunt?

Nope, he initially loaned it but then they effectively cleared it all down. We are not in the same boat as them

http://www.guardian.co.uk/football/2010/jan/06/sheikh-mansour-manchester-city-investment

Of course we aren't.

Roman Abranivich is still owed 726 million pounds by Chelsea despite reports that he has written off the loan

[lets all have a disco]

Mansour wont get his money back through the team he will get it back being a big player in all the leisure stuff being built.

We owe Mansour a shitload of that there is no doubt.

[BlueinBosnia]

Abranivich, Abranovich??? who?

;-)

Judging by the grammar in that article, it's not written by a real journalist. Probably a kid getting his facts mixed up. To quote a section:

The clubs debt to the holding company has yet to be repayed,but the holding company's debt to Abranovich has yet to be repayed. (Whole sentence makes no sense)
"The loan is intrest free ,but it is repayable if Abranovich gives 18 months notice".writes David Conn of the guardian
' the russian could still demand the money back some day,either if the club is making a profit or if he were to sell it'
'He has not in fact ,written of the h=uge loans he has made on his Chelsea adventure

[Vhero]

Of course it wasn't written off there was no way he was gonna write that kind of money off. These rich people don't get to be billionaires without knowing how to cover up these kind of things. He had to cover up that loan and he did so there was no way he was just gonna go "ah well fuck it they can have the cash". Also it makes the fans love him even more to boot..

[walshawblue]

Abranivich, Abranovich??? who?

;-)

Judging by the grammar in that article, it's not written by a real journalist. Probably a kid getting his facts mixed up. To quote a section:

The clubs debt to the holding company has yet to be repayed,but the holding company's debt to Abranovich has yet to be repayed. (Whole sentence makes no sense)
"The loan is intrest free ,but it is repayable if Abranovich gives 18 months notice".writes David Conn of the guardian
' the russian could still demand the money back some day,either if the club is making a profit or if he were to sell it'
'He has not in fact ,written of the h=uge loans he has made on his Chelsea adventure

senior moment there edited except for Abramovich

[Niall Quinns Discopants]

Mansour wont get his money back through the team he will get it back being a big player in all the leisure stuff being built.

We owe Mansour a shitload of that there is no doubt.

Not as straightforward as that though. Chelsea are still publicly listed company. However there are no Manchester City shares out there anymore. Full 100% of the club is owned by the Sheik so we are technically a private company in all but taxing sense. Therefore any money Sheik (bless him) loans to club, he is efectively loaning to himself.

[BlueinBosnia]

Abranivich, Abranovich??? who?

;-)

Judging by the grammar in that article, it's not written by a real journalist. Probably a kid getting his facts mixed up. To quote a section:

The clubs debt to the holding company has yet to be repayed,but the holding company's debt to Abranovich has yet to be repayed. (Whole sentence makes no sense)
"The loan is intrest free ,but it is repayable if Abranovich gives 18 months notice".writes David Conn of the guardian
' the russian could still demand the money back some day,either if the club is making a profit or if he were to sell it'
'He has not in fact ,written of the h=uge loans he has made on his Chelsea adventure

senior moment there edited except for Abramovich

Sorry mate, were you paraphrasing the original article, or is that how it was spelled etc. on the Yahoo website? Wasn't having a go at the grammar per se, but you've got to admit it's nowhere near publishable journalist standards.

[walshawblue]

Abranivich, Abranovich??? who?

;-)

Judging by the grammar in that article, it's not written by a real journalist. Probably a kid getting his facts mixed up. To quote a section:

The clubs debt to the holding company has yet to be repayed,but the holding company's debt to Abranovich has yet to be repayed. (Whole sentence makes no sense)
"The loan is intrest free ,but it is repayable if Abranovich gives 18 months notice".writes David Conn of the guardian
' the russian could still demand the money back some day,either if the club is making a profit or if he were to sell it'
'He has not in fact ,written of the h=uge loans he has made on his Chelsea adventure

senior moment there edited except for Abramovich

Sorry mate, were you paraphrasing the original article, or is that how it was spelled etc. on the Yahoo website? Wasn't having a go at the grammar per se, but you've got to admit it's nowhere near publishable journalist standards.

no probs mate I just copied it from the website and yes it is not very journalistic is it?

[zuricity]

That's around about what united owe the financial institutions in New York. I bet Chelsea won't be paying 16% on it all from August though.

[CitizenYank]

Money, Money, Money ... must be funny, in a rich mans world