- Jun 6, 2005
- 53,380
- 67,035
So here i, once again, ask for someone with the knowledge to enlighten me as a question has formed in my messy head. This time i need someone of the banking variety, clued up on this banking crisis.
I remember reading that when Woolwich were looking for cashish for their shiny new stadia they went begging to a load of lenders and organisations to fund this venture. Who was that, how are they faring and what's going to happen if those who did lend suddenly call that debt back in? Or have the Woolwich already paid off the bajillions they borrowed? Can't see it, personally, though that said, it's not like they've spent much on players the last few years.
I've heard of a lot of friends of mine who deal in large sums of cash getting a little hot under the collar about lending rates, interest and fluctuating fluctuations, or some such malarky but then i thought about the AIG situation and how Man U are now technically sponsored by the US Government, following the bail out.
West Ham's tefal-headed owner is now looking a bit shakey too, as the ice-cube tray that is Icebank has frozen a load of it's customers accounts whilst it works out if it's going down the pan, where Magnussussnussnon (edit: apologies, i forgot he was bought out, it's the other fella who has the banking investments, the one who bought Magnusson out - Bjorgolfur Gudmundsson) has a substantial amount of dough invested.
It's all well and good having bajillionairre owners pouring their cash into the premiership, some of you i know are smiling seductively at the thought of it happening to us but, unless you're a gang-star like Mr Abramovic and have all your notes stashed inside a damp matress, in a safe house in an ex Balkan state, i'm not so confident that the Premierships salad days will go on much longer.
Anyone with a more valid opinion, please join in here and put me straight, but you don't get rich by sitting on cash - you have to either steal it, inherit it, or invest it and those that have invested, right now, especially in banks, must be crapping their very expensive pants i would imagine.
I remember reading that when Woolwich were looking for cashish for their shiny new stadia they went begging to a load of lenders and organisations to fund this venture. Who was that, how are they faring and what's going to happen if those who did lend suddenly call that debt back in? Or have the Woolwich already paid off the bajillions they borrowed? Can't see it, personally, though that said, it's not like they've spent much on players the last few years.
I've heard of a lot of friends of mine who deal in large sums of cash getting a little hot under the collar about lending rates, interest and fluctuating fluctuations, or some such malarky but then i thought about the AIG situation and how Man U are now technically sponsored by the US Government, following the bail out.
West Ham's tefal-headed owner is now looking a bit shakey too, as the ice-cube tray that is Icebank has frozen a load of it's customers accounts whilst it works out if it's going down the pan, where Magnussussnussnon (edit: apologies, i forgot he was bought out, it's the other fella who has the banking investments, the one who bought Magnusson out - Bjorgolfur Gudmundsson) has a substantial amount of dough invested.
It's all well and good having bajillionairre owners pouring their cash into the premiership, some of you i know are smiling seductively at the thought of it happening to us but, unless you're a gang-star like Mr Abramovic and have all your notes stashed inside a damp matress, in a safe house in an ex Balkan state, i'm not so confident that the Premierships salad days will go on much longer.
Anyone with a more valid opinion, please join in here and put me straight, but you don't get rich by sitting on cash - you have to either steal it, inherit it, or invest it and those that have invested, right now, especially in banks, must be crapping their very expensive pants i would imagine.