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Thread: Chelsea - lesson in applied Guntonomics

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    Chelsea - lesson in applied Guntonomics

    Following previous conversions of half of the debt, the remainder of the interest-free loans from the parent company, whose ultimate controlling party is Roman Abramovich, have been converted into equity, making the group effectively debt-free."

    Chelsea said the move demonstrated "the continuing commitment from the shareholder to the group". It will also remove any fears of a meltdown if Abramovich decides to walk away.
    >>story here<<

    Just in case any Gunts are feeling that this justifies their business model - "we are debt free cause we owe 50M to ourselves" - the parallels to Romanov break down pretty quickly when you consider that they've undertaken massive capital investment on ground, training facilities etc, created a genuine worldwide brand and also extent of Abramovich's personal investment (538M) has always been clear. While it looks like Chelski are sorting themselves out, the Gunts remain a very fragile one man Ponzi scheme waiting to collapse :sɯɐʎ

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    Pedantic Fact Hunting Radge Grandad


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    Re: Chelsea - lesson in applied Guntonomics

    Quote Originally Posted by arthurduncan View Post
    This quote is hidden because you are ignoring this member. Show Quote
    >>story here<<

    Just in case any Gunts are feeling that this justifies their business model - "we are debt free cause we owe 50M to ourselves" - the parallels to Romanov break down pretty quickly when you consider that they've undertaken massive capital investment on ground, training facilities etc, created a genuine worldwide brand and also extent of Abramovich's personal investment (538M) has always been clear. While it looks like Chelski are sorting themselves out, the Gunts remain a very fragile one man Ponzi scheme waiting to collapse :sɯɐʎ

    The bit that caught my eye was

    "Chelsea needs to be debt-free to comply with future Uefa rules. Uefa's president, Michel Platini, wants to ban clubs from the lucrative Champions League after 2012 unless they break even on football-related business. "

    Where would that put the Infirm if they introduced that rule? I can't believe that either of them currently break even with the levels of debt that they're servicing, and if the option of CL football wasn't there for them, they'd have no income stream to reverse the trend.

    What I'd like to know is, would the CL places then get passed down the line until they found clubs solvent enough to take them?
    " This has to be said about Rangers, as a Scottish Football club they are a permanent embarrassment and an occasional disgrace. This country would be a better place if Rangers did not exist ". - Ian Archer


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    Re: Chelsea - lesson in applied Guntonomics

    Quote Originally Posted by SG7nil View Post
    This quote is hidden because you are ignoring this member. Show Quote
    The bit that caught my eye was

    "Chelsea needs to be debt-free to comply with future Uefa rules. Uefa's president, Michel Platini, wants to ban clubs from the lucrative Champions League after 2012 unless they break even on football-related business. "

    Where would that put the Infirm if they introduced that rule? I can't believe that either of them currently break even with the levels of debt that they're servicing, and if the option of CL football wasn't there for them, they'd have no income stream to reverse the trend.

    What I'd like to know is, would the CL places then get passed down the line until they found clubs solvent enough to take them?
    You mean Hibs and Saints(perth)?

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    Radge Private Member





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    Re: Chelsea - lesson in applied Guntonomics

    IIRC Celtc are running within their means.

    The question of what the hun would do will be academic by 2012 as Scotland is very likely to only have 1 CL place then. Assuming also that we dont become a legitimate candidate for a top two slot by then also.
    Space to let

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    Re: Chelsea - lesson in applied Guntonomics

    Celtic do not have a problem with debt

    Debts

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