The bigger picture

Let's face it, English footbal is on the brink of a financial meltdown. Even the top four will suffer.
Man Utd. Once bought and paid for, is "owned" by Yank speculators, mortgaged to the the tune of ?500,000,000. This club needs to win the Prem and ECL every year just to service the debt! They lost ?44,000,000, last year, even though they had success! The interest on the debt can only rise as the US and UK debase their respective currencies to stave off a depression. The Glazer Family will look for a greater fool to offload the club onto. They'll find nobody. Their fan base is becoming bored if not unemployed. Their season ticket waiting list is diminishing.
I could go on but this post will get too long.
Please add more about the financial (mis)fortunes of Arsenal, Liverpool and Chelsea
OTBC

Posted By: LowestoftBoy on May 4th 2009 at 09:09:36

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