- Aug 29, 2006
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Wow, we're ahead of Inter and Lyon. Cool?
Yeah, when Abramovich took over he had no intention of running it like a proper business, and they recorded something alogn the lines of £100m loss over the first two years, but that's because his money was being spent through the club, on players and wages, and they werent recuperating what he had spent. Most football clubs tend to operate at a loss nowadays though, and we seem to be one of the only ones who intend on trying to operate as a business, even though our owner's worth £2.8bn.
good points Kyras and all the others for their useful and erudite input
incidentally while I applaud our business model - I just can't see us breaking the big 4 with it
If the debt is worked out as a % of the value. So 15% of $414million is about $62million? that right?
If so id hate to be Valencia! $252million in debt!
If the debt is worked out as a % of the value. So 15% of $414million is about $62million? that right?
If so id hate to be Valencia! $252million in debt!
If you use that same formula to determine that we're 62 million dollars in debt, then Valencia must be $403 million in debt. mg: