Jasr, can you explain why the Rags can’t do similar to the Chavs and write the debt off at the point of takeover?There’s info out there(and on the Caf) that united have already spent part of this years FFP restricted budget on last years Antony & Casemiro, leaving them with hardly anything to play with this summer. AND they have burnt through their £300m credit line, which means they have no more access to ready funds, and need to pay the interest.
Even a buyout (of any type) won’t alleviate this. They are screwed this summer to improve from outside the club. And the youth is just watching City youth from afar sweep all before them.
Missing CL next year, continues the screwing, so (steels oneself) ‘come on Brighton and Liverpool overtake them!’
I’ve had a problem with how Chelsea have acted financially and just can’t get my head around why they were able to structure the takeover to effectively subsidise the club to the tune of around 45m per year without applying any benefit in mind on a soft loan that had reached 1.4b whereas other clubs were paying interest charges on debt.