Liverpool, Manchester United & Premier League Debt

Ian

Ian began writing Twohundredpercent in May 2006. He lives in Brighton. He has also written for, amongst others, Pitch Invasion, FC Business Magazine, The Score, When Saturday Comes, Stand Against Modern Football and The Football Supporter. Ian was the first winner of the Socrates Award For Not Being Dead Yet at the 2010 NOPA awards for football bloggers.

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4 Responses

  1. Paul Blackwell says:

    The probable answer is ‘NEVER’. And what this is all stroring up long term is a Day Of Reckoning on a scale never thought possible. Just like the country now in fact. The big boys all think they’re immune for ever from that. But meanwhile the time bomb ticks away. As this site has pointed out of late, after Burnley’s promotion the number of original members of the league now in the premiership is up to seven. If one discounts Accrington – the day might not be too far off when they’ll all be back there and the ‘arrivistes’ may have been well and truly zapped. Wouldn’t that be brilliant?!

  2. Gervillian Swike says:

    Yes, the answer is “never”. But that’s modern finances. Whereas old fashioned people like me think that both in terms of personal finance and in business, you should live within your means. Unfortunately, those who make the money make debt work for them. Banks don’t really want the debt repaid, because continued interest payments in perpetuity will earn them more. The danger is, as Paul Blackwell just alluded to, the economic time-bomb that we think won’t hit Man United and Liverpool, but which we didn’t think would hit Enron either, or indeed much of the Western economy. You’d imagine that if Liverpool and United were ever in serious trouble, the figures of the type that have been circling around Chelsea, Man City and Portsmouth in recent years would be in there like a shot to take over. But it’s still unsatisfactory, it still means debt to an individual or consortium, which, when you bear in mind that pre-Glazer United weren’t in any debt at all, would be very frustrating.

  3. CTT says:

    From that shitty press release:

    “AIG then jumped from 84 to 30 on Barron’s most respected list”

    Try finding AIG on that list now…

    http://online.barrons.com/article/SB123457681385686739.html?mod=article-outset-box

  4. Manchester United would be in for the likes of Kaka and Benzema if it wasnt for the takeover. Thats not to say that the players would come but Manchester United have always been an attractive prospect for players despite the weather.

    Something has to come crashing down soon, but United should be OK purely down to the sheer size of the brand and fan base.

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