Football club debt
Venice Ram at 23h26
15
Feb
2011
Football club debt
Interesting article.
(UKPA) – 6 hours ago
Football League chairman Greg Clarke has warned that clubs are heading towards "the precipice" due to too much debt.
The stark warning was made to a Parliamentary inquiry into football governance on Tuesday with Clarke saying there needed to a be a sea change in the way clubs were run.
Clarke told MPs on the culture, media and sport select committee: "Debt's the big
Interesting article.
(UKPA) – 6 hours ago
Football League chairman Greg Clarke has warned that clubs are heading towards "the precipice" due to too much debt.
The stark warning was made to a Parliamentary inquiry into football governance on Tuesday with Clarke saying there needed to a be a sea change in the way clubs were run.
Clarke told MPs on the culture, media and sport select committee: "Debt's the big
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i was on a debate on fb with some chelsea fans arguing bout the revenue that the club generates and apparently roman turned their debt into equity.. is it true .. here are some
Well what do you know?
They managed to balance the books in the time scale they said all those years ago.
This has got to hurt every other club fan.
We are within the new rule for 2012 European Cup - I wonder how the other English clubs will make
debt ridden teams
The economic control, which must also be ratified by the Sports Council, provides penalties for clubs such as the loss of points, monetary fines, prohibition of entry in the competition and removal of it. To avoid such situations, the
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Looks like there is no end in sight to their own debt crises. They better hope that rumours of a Qatari buy out are true:
http://www.guardian.co.uk/football/2011/mar/22/manchester-united-record-loss-debt
Manchester United's parent company, Red
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"Football club debt"
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15/02/2011 at 23h26 by "Venice Ram"
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