Brucie Bonus
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- Joined
- 15 Aug 2008
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Where is this "Eastlands" then?
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Our Council House
- Thread starter Lemmy
- Start date
bluemoon32
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- 2 Jan 2009
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- City
The Fat el Hombre said:I'm quite happy with our council house these days ta! Council house - so what?
Exactly, couldn't give a damn what the rags say or think.
Only one place where it's important to get one over on them............on the pitch.
I know a few really passionate and knowledgeable fans from a few clubs, including United, and I love speaking to them about their team and mine and everyone else's with a good amount of banter thrown in on the side. That's what it's all about.
Whenever I do come up against one of the mindless boo-boys, I just start talking about football. You generally find that you know more than them about 'their' team and they know fcuk all about yours. Or sometimes a proper conversation will develop. If they can't keep up in a conversation with me about football, I am by no means an expert, then they're not really a fan at all.
Whenever I do come up against one of the mindless boo-boys, I just start talking about football. You generally find that you know more than them about 'their' team and they know fcuk all about yours. Or sometimes a proper conversation will develop. If they can't keep up in a conversation with me about football, I am by no means an expert, then they're not really a fan at all.
Prestwich_Blue
Well-Known Member
If they start going on about the "council house", the easiest way to shut them up is to refer them to SSAP 21, which defines the accepted accounting treatment of operating leases. This states that the stadium is effectively an owned asset of the business, as we have the responsibility for maintaining and rebuilding it. Any increase in the stadium value is reflected in our accounts.
This is somewhat similar to people in Mayfair & Belgravia, where the freehold is owned by the Grosvenor Estate and the people who live in the properties (some of the most expensive in the country) are buying the lease, rather than the physical property. Instead of a standard ground rent, we pay the council based on an agreed formula, taking into account attendances and the prevailing interest rate. It's as though they lent us the money (although the money never actually changed hands) and that's reflected in the fact that we show it as a notional debt on ur balance sheet.
Our owners are shrewd businessmen and they recognise it's a much better deal than owning it outright.
Of course, when the Glazers have to start repaying ther debt in a few years, they will almst certainly have to sell and lease back the swamp to raise the capital. So they won't be payng the interest on the debt but will be paying about the same to rent their own stadium. Then I suspect we won't hear the "council house" jibes any more.
This is somewhat similar to people in Mayfair & Belgravia, where the freehold is owned by the Grosvenor Estate and the people who live in the properties (some of the most expensive in the country) are buying the lease, rather than the physical property. Instead of a standard ground rent, we pay the council based on an agreed formula, taking into account attendances and the prevailing interest rate. It's as though they lent us the money (although the money never actually changed hands) and that's reflected in the fact that we show it as a notional debt on ur balance sheet.
Our owners are shrewd businessmen and they recognise it's a much better deal than owning it outright.
Of course, when the Glazers have to start repaying ther debt in a few years, they will almst certainly have to sell and lease back the swamp to raise the capital. So they won't be payng the interest on the debt but will be paying about the same to rent their own stadium. Then I suspect we won't hear the "council house" jibes any more.
bronco
Well-Known Member
always thought this council house thing that our rag neighbours go on about so much was a load of old bollocks (as usual from stressfords finest ) if i am correct do not the likes of both milan clubs , both rome clubs , juventus etc etc all lodge in municipally owned stadia ? it does not seem to have done them much harm over the years !
D
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Deleted member 14625
Guest
A top quality human being can live in a council house, so a top quality footy club can also live in one!
Also dont let what they say bother you, they've got the worst come backs ever when you take the piss out of them - "Council House" and "Stockport" - neither are funny, neither are degrading to the degree of them having a £600million debt and their fans favourite has moved to us! Just say "haha Dennis Law" to them next time you see them and say "Tevez will do the same thing to you unless you skint owners decide to sell one of your stands to buy some decent players!"
Also dont let what they say bother you, they've got the worst come backs ever when you take the piss out of them - "Council House" and "Stockport" - neither are funny, neither are degrading to the degree of them having a £600million debt and their fans favourite has moved to us! Just say "haha Dennis Law" to them next time you see them and say "Tevez will do the same thing to you unless you skint owners decide to sell one of your stands to buy some decent players!"