I have a question. When does "new money" become "old money"?
We know that the rags were on the verge of bankruptcy twice, in 1901 & 1931, and were bailed out by 'sugar daddies', So when did Gibson's money, which paid their wages, bought players and rebuilt their stadium, become 'organically generated'? Or the loans they took out to finance Baconface's team building?
We know that Danny Fiszman put money into Arsenal in the mid 1990's. I asked Tony Adams that at the FA Cup draw when it was held at the Etihad and he said that was what he'd been told. When did that stop being 'new money'?
We know that the Moore's family financed Liverpool's success in the 1970's and beyond. When did that stop being 'new money'?
Spurs raised a load of money on the Stock Market in the 1980's. Prior to that they were crippled by what was the largest debt in football, after a rebuild of parts of WHL. That money came from investors, not from success in the CL or commercial sponsorship. When did that become 'old money'?
We all know about Chelsea and they actually give us the answer to the question I think. Taken over in 2003 by Abramovich and now they're an 'old money' club, despite the fact their owner still bankrolls them.
The answer is that 'new money' clearly became 'old money' when our takeover happened, which was 23rd September 2008.
Exactly. This is how stupid the “City are fucked if Mansour sells up” crowd are. If he does then he’ll sell the club to someone with serious ambitions and clout. He won’t be selling it to the likes of Simon Jordan ffs!
1992I have a question. When does "new money" become "old money"?
We know that the rags were on the verge of bankruptcy twice, in 1901 & 1931, and were bailed out by 'sugar daddies', So when did Gibson's money, which paid their wages, bought players and rebuilt their stadium, become 'organically generated'? Or the loans they took out to finance Baconface's team building?
We know that Danny Fiszman put money into Arsenal in the mid 1990's. I asked Tony Adams that at the FA Cup draw when it was held at the Etihad and he said that was what he'd been told. When did that stop being 'new money'?
We know that the Moore's family financed Liverpool's success in the 1970's and beyond. When did that stop being 'new money'?
Spurs raised a load of money on the Stock Market in the 1980's. Prior to that they were crippled by what was the largest debt in football, after a rebuild of parts of WHL. That money came from investors, not from success in the CL or commercial sponsorship. When did that become 'old money'?
We all know about Chelsea and they actually give us the answer to the question I think. Taken over in 2003 by Abramovich and now they're an 'old money' club, despite the fact their owner still bankrolls them.
The answer is that 'new money' clearly became 'old money' when our takeover happened, which was 23rd September 2008.
People who use Twitter aren’t the sort of people who’ll read a full report on a court case from another club.
Twitter football fans can barely string a sentence together. They don’t even understand the CAS press release from Monday that’s only just over one page long... or they don’t want to!
The press and social media set the narrative five minutes after the statement of Not Guilty came out and, unfortunately, across most of football’s fans, forever more, we will be known for “getting away with it”.
CAS has been derided and had its integrity questioned ever since the verdict was released.
I'm sure if there is anything in their findings which will paint City in a bad light, CAS will suddenly find legitimacy again via all the hypocritical pricks who have accused them of being on the take.
Yeah, both parties have to agree for it to be released.
We might jump at the chance; UEFA might want to save a total embarrassment and say no.
Yeah, both parties have to agree for it to be released.
We might jump at the chance; UEFA might want to save a total embarrassment and say no.
That's not my understanding. Happy to be corrected, but I thought that no one party can halt it's publication, both parties must agree for the full report to remain under wraps, otherwise it's published in full.
I was wondering whether Khaldoon got on the blower to cut a deal on Monday. If UEFA would rather not have the report published, I'm sure a grovelling mea culpa statement from our friends in Europe, would earn our compliance to bury the full report.
Correct that is the case, didn’t they also get state funding for building a stand prior to Euro 96?United receiving state funding? Never! Actually, didn’t this also happen in 1965 when they received government money to build the cantilever stand in advance of the World Cup?
Sam Lee is desperate for there to be something in next week’s CAS report. Still holding out that we might be guilty in some round about away. Doesn’t consider us ‘not guilty’ that’s for sure.
He’s a fucking wankstain.Sam Lee is desperate for there to be something in next week’s CAS report. Still holding out that we might be guilty in some round about away. Doesn’t consider us ‘not guilty’ that’s for sure.
United receiving state funding? Never! Actually, didn’t this also happen in 1965 when they received government money to build the cantilever stand in advance of the World Cup?
Im sure there are many more who believed the media in exactly the same position. They will follow his optimism and provide job saving clickbait for him.Sam Lee is desperate for there to be something in next week’s CAS report. Still holding out that we might be guilty in some round about away. Doesn’t consider us ‘not guilty’ that’s for sure.
He’s a fucking wankstain.
How long before they now start spouting about a European league invite only? Not sure how they are going to push that this is good for competition and football.
I’ve got @Shads on a retainer, mate.Be careful. He may engage a solicitor to commence proceedings against you..
Or they’ll refinance the debt again and again as they struggle to service it, after receiving tax forgiveness and favourable capital valuations from municipal authorities, before selling several parcels of land for said over-valuations and purchasing them back for a fraction of the sell price.It’ll be fine.
They’ll carry on winning for a few years, then have no cash, fold, get reformed as a new club and pick up all the assets of the old (hello Rangers) with no debt, Tebas will create a rule to allow them to start in level 2, promotion ...and so, one year later normality returned.
Exactly my point, mate. And there is already municipal funding, in various forms — they’ll be supported because they are “too big to fail” and the other clubs slowly folding even after many years of sustainable growth and competent management will be told to **** off when they look for assistance. Then some will attempt the ‘finance via cheap debt’ strategy, only to fail some time later, anyway, at which point the club can be purchased for a fraction of actual value and the new owners can start again.Since when have Barcelona operated with a £40m surplus to pay this sort of money back each year. They have been sinking further and further into debt year on year. There will be state funding by the back door to cover this sort of debt. I’d also have as a guess that the stadium rebuild costs will hugely overrun. Another year of zero attendance at the Camp Nou could hit the Catalan tax payer very hard because there will no doubt, be a state bailout and I wonder what senor Tebas will make of that?