- Jul 4, 2020
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We have good debt and an amazing stadium but it means little to us as fans if after all these years of building towards it we still can't /won't compete.Debt isn't just bad because you owe someone for something. We don't have bad debt, because we can afford to repay it and because it's secured against such an asset.
It's like claiming that it's a bad thing to have a mortgage, which it isn't.
And I add won't because if you compare the wage to turnover ratio were way behind. I haven't checked but last time I did we had like 400 million in FFP to play with and I bet that's close to the most in the world. We won't of course but it's there.
So If you want to defend Levy on the premise that he has built an amazing business on the back by the way of TV money that he isn't responsible for then ok I agree but what now?
To challenge consistently we need to up the wage ratio and spend even more than he has been in recent years. I think everyone on here knowa that's isn't going to happen.
Yeah it's nice to do it organically but at the end of the day we're football fans. I don't support an investment company or someone trying to climb the FTSE 500 (Is climbing it a thing) but I support a football team and for years that football team has achieved very little with the promise of a rainbow at the end . Were at the end now and it isn't there?
We still can't compete, he is still banging on about FFP and the legislation to make that remotely effective would take years and by then if these people wanted to they would find new ways round It. So what the football fans are seeing is really really rich people making themselves far richer on the back of our club and we're still fifth or sixth best and being told to be happy about it because the stadium is nice.
But of a rant aimed at the thread in general not just you so apologies for quoting you but to bring it round to your point. I think people are irritated about the debt because they are boasting about building a stadium using club money with the club loaded with the debt whilst still not pushing the boat out for the actual team and their own personal worth sky rockets due to the clubs valuation.