Whats Spanish for Tick Tock?

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fbloke

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Reading some really interesting stuff about Spanish clubs, debt and particularly Ream Madrid.

These guys are possibly even worse off than United!

In 2001 they paid off their debt with the dodgy training ground sale and at the same time won La Liga.

So in 2001 they were the debt free champions of Spain.

Today they are remarkably €580m in debt.

Now that takes some doing folks.

What is the masterplan for ridding the club of debt?

To grow revenues by 10% per year, year on year for the next decade.

So that (without compounding the interest) means they are going to DOUBLE turnover in a decade, in the midst of the worst economic downturn in Spains history.

Hmmmmm Ticko Tocko?
 
They're proppe dup by the Spanish Royal Family, the banks an countless other organisations.

It makes no odds how much money they owe as the debt usually gets wiped off.
 
They are faggots of the highest order. the Spanish banks give money to mudrid to clear debt. wankers.
 
fbloke said:
Reading some really interesting stuff about Spanish clubs, debt and particularly Ream Madrid.

These guys are possibly even worse off than United!

In 2001 they paid off their debt with the dodgy training ground sale and at the same time won La Liga.

So in 2001 they were the debt free champions of Spain.

Today they are remarkably €580m in debt.

Now that takes some doing folks.

What is the masterplan for ridding the club of debt?

To grow revenues by 10% per year, year on year for the next decade.

So that (without compounding the interest) means they are going to DOUBLE turnover in a decade, in the midst of the worst economic downturn in Spains history.

Hmmmmm Ticko Tocko?
Click to expand...

El tick El tock
 
They've been in this situation loads of times and the debt is always wiped away.

If Plattini wants to look at something then it's a club that has its debt cleared by the government
 
According to some reports in Spain the banks are looking at the reasons for the debt and a more realistic repayment plan.

In these times of fiscal limitations the wider Spanish public scent blood and are not about to let the banks treat Madrid differently to Malaga, Valencia or any other debt ladened club.

Time will of course tell.
 
fbloke said:
According to some reports in Spain the banks are looking at the reasons for the debt and a more realistic repayment plan.

In these times of fiscal limitations the wider Spanish public scent blood and are not about to let the banks treat Madrid differently to Malaga, Valencia or any other debt ladened club.

Time will of course tell.
Click to expand...

In Spain football is the opium of the masses and the politicians understand perfectly it´s social importance - Real Madrid is a symbol of Castillian dominance just as Barca is a paradigm of Catalan resistence - much as I despise the white trash I realise that there are more than enough dodgy fookers here to maintain the status quo and make sure stuff like "debts" are conveniently swept under the carpet - having said that there have been rumblings of discontent from even Real Madrid quarters

Oh it´s tictac btw
 
Madrid and Barcelona are based on Socios, ie no-one owns them in particular but a large amount of people, if Uniteds Glazers sell up they'll be going down the same road with the Red Knights.

Madrid may be in some debt but its controlled very well by the fact they have an insane turnover, United are going down the pan because of the MASSIVE interest they are having to pay every year with little income oppurtunities. It will be very interesting to see what happens when the 500Million bond issue is due for repayment, the Glazers are betting on a boom over the next few years to finance repayment in the future.. A boom which isn't even guaranteed to happen.

Debt isn't a problem when it is controlled but unlike Madrid, United don't have a massive TV company paying them billions for TV rights... Read up MediaPro Real Madrid.
 
fbloke said:
Reading some really interesting stuff about Spanish clubs, debt and particularly Ream Madrid.

These guys are possibly even worse off than United!

In 2001 they paid off their debt with the dodgy training ground sale and at the same time won La Liga.

So in 2001 they were the debt free champions of Spain.

Today they are remarkably €580m in debt.

Now that takes some doing folks.

What is the masterplan for ridding the club of debt?

To grow revenues by 10% per year, year on year for the next decade.

So that (without compounding the interest) means they are going to DOUBLE turnover in a decade, in the midst of the worst economic downturn in Spains history.

Hmmmmm Ticko Tocko?
Click to expand...
The Spanish for tick, tock is....

senal, tock

hope that helps
 
fbloke said:
Reading some really interesting stuff about Spanish clubs, debt and particularly Ream Madrid.

These guys are possibly even worse off than United!

In 2001 they paid off their debt with the dodgy training ground sale and at the same time won La Liga.

So in 2001 they were the debt free champions of Spain.

Today they are remarkably €580m in debt.

Now that takes some doing folks.

What is the masterplan for ridding the club of debt?

To grow revenues by 10% per year, year on year for the next decade.

So that (without compounding the interest) means they are going to DOUBLE turnover in a decade, in the midst of the worst economic downturn in Spains history.

Hmmmmm Ticko Tocko?
Click to expand...

If you do compound the interest you get 259%, so an increase of 159% over 10 years.
 
kenzie115 said:
fbloke said:
Reading some really interesting stuff about Spanish clubs, debt and particularly Ream Madrid.

These guys are possibly even worse off than United!

In 2001 they paid off their debt with the dodgy training ground sale and at the same time won La Liga.

So in 2001 they were the debt free champions of Spain.

Today they are remarkably €580m in debt.

Now that takes some doing folks.

What is the masterplan for ridding the club of debt?

To grow revenues by 10% per year, year on year for the next decade.

So that (without compounding the interest) means they are going to DOUBLE turnover in a decade, in the midst of the worst economic downturn in Spains history.

Hmmmmm Ticko Tocko?
Click to expand...

If you do compound the interest you get 259%, so an increase of 159% over 10 years.
Click to expand...

At least they have got through to the same stage of the CL this year. Or should I say go out at the same stage!

Thats 6 years on the trot!
 
strongbowholic said:
They're proppe dup by the Spanish Royal Family, the banks an countless other organisations.

It makes no odds how much money they owe as the debt usually gets wiped off.
Click to expand...

The Spanish royal family don't prop up Real Madrid.

It's a popular myth.
 
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