Wizard Fukk off west ham fans and let us have our board back.
And fukk off ManchesterRoyals too, as you started this fukking thread.
by seahawk10 » 14 Nov 2012 23:55
Wizard Fukk off west ham fans and let us have our board back.
And fukk off ManchesterRoyals too, as you started this fukking thread.
by royalsteve » 15 Nov 2012 01:23
Alexander Litvinenkolarry1971 ...... the bond scheme saga happened back in the early 1990's and has no baring on our current financial situation that was all down to our previouse Iclandic owners who wrecklessly spent huge amounts of money on transfers and wages buying players well past their sell by date then when the Iclandic banks and economey crashed the inevitable happened the Icelandic banks took controll of the club. We were very lucky not to go down with Iceland because the reality is that when Gold ad Sullivan took over the club was weeks if not days away from going into administration and I think it's no exageration to say that had they not bought the club when they did West Ham probably would of gone bust.
But the current financial model isn't sustainable. It's only money being lent (not given) by Gold & Sullivan that keeps West Ham trading. How long are they prepared to keep throwing money in for no return?
Of course, there's a school of thought that says G&S are only in this for the Olympic Stadium, which will let them sell the land the Bole stands on and pocket the proceeds. As if nice, ethical men like that would ever be quite so underhand.....
by Alexander Litvinenko » 15 Nov 2012 13:39
royalsteveAlexander Litvinenkolarry1971 ...... the bond scheme saga happened back in the early 1990's and has no baring on our current financial situation that was all down to our previouse Iclandic owners who wrecklessly spent huge amounts of money on transfers and wages buying players well past their sell by date then when the Iclandic banks and economey crashed the inevitable happened the Icelandic banks took controll of the club. We were very lucky not to go down with Iceland because the reality is that when Gold ad Sullivan took over the club was weeks if not days away from going into administration and I think it's no exageration to say that had they not bought the club when they did West Ham probably would of gone bust.
But the current financial model isn't sustainable. It's only money being lent (not given) by Gold & Sullivan that keeps West Ham trading. How long are they prepared to keep throwing money in for no return?
Of course, there's a school of thought that says G&S are only in this for the Olympic Stadium, which will let them sell the land the Bole stands on and pocket the proceeds. As if nice, ethical men like that would ever be quite so underhand.....
its a model that is only sustainable if they stay up...spending money they havent really got, apparently benayoun is on £92K a week, if caroll is on the same thats £10m a year for 2 loan players
then again if they stay up then its money well spent
by Royal With Cheese » 15 Nov 2012 13:44
seahawk10Wizard Fukk off west ham fans and let us have our board back.
And fukk off ManchesterRoyals too, as you started this fukking thread.
by larry1971 » 15 Nov 2012 13:45
Wizard Fukk off west ham fans and let us have our board back.
And fukk off ManchesterRoyals too, as you started this fukking thread.
by trueroyal1871 » 15 Nov 2012 14:25
Wizard Fukk off west ham fans and let us have our board back.
And fukk off ManchesterRoyals too, as you started this fukking thread.
by Mr Angry » 15 Nov 2012 22:08
Alexander Litvinenko
I'm not even sure it's sustainable if they stay up. It's still more than their income, even with PL-level income, so eventually there has to come a time when the money or the goodwill runs out.
by noelgallagher » 04 Dec 2012 09:32
by jellytot » 04 Dec 2012 09:43
by creative_username_1 » 04 Dec 2012 09:53
noelgallagher Nice piece of journalism there my friend. In particular I like the part where you mention the piss stains. Informal but informative. Keep up the good work.
by ZacNaloen » 04 Dec 2012 10:01
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