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Insane Hikki Fan
Joined: 2009/6/8
A/S/L 18/F/London
Posts: 1285
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These are the most recently accounts filed at Companies House. Debts are borrowings from banks, financial institutions, owners or other sources.
Arsenal: Principle Share ownership Arsenal Holdings PLC: Danny Fiszman (Swiss resident) 16% ,Lady Nina Bracewell-Smith 15.9%,Kroenke Sports Enterprises UK (owned by Stan Kroenke US resident): 28.3%, Red and White Holdings (Alisher Usmanov and Farhad Moshiri Russian) 25%, company turnover ?222.5m (Up from ?200.1m: 11.4%) gate turnstile receipts ?95m, media and TV ?68m, Retail sales ?13m, commercial, land and, property development ?46m, Player activities ?0.5m, Salaries (player) ?101.3m (up from ?89.7m: 12.9%), salaries in relation to turnover 45%, profit before tax ?36.7m, accumulating Debts ?416m, the interest payable ?26m, highest earning director Keith Edelman: ?1.056m (plus a ?1.70m one off) after a protracted power struggle that lead to his resignation in May 2008. property development of the old Highbury stadium and grounds were expected to yield returns to Wenger, let?s call it a bonus have amounted to little more than a trickle under the present economic climate ,all has left Arsenal having to finance a ?133m loan note on the enterprise . The central ?200m borrowed to develop and build the Emirates Stadium, with interest a fixed at 5.6%, is a "shrewd" deal but in future could prove risky when set against a protracted campaign by Russian investor, Alisher Usmanov, to push for controlling ownership. Chelsea: Wholly owned by Roman Abramovich, turnover ?213.6m (up from ?190.5m from last year, a 12% increase),?sports? revenue ?189.8m, Hotel accommodation /food and catering ?8.9m,sports merchandising ?9.6m, additional commercial activates ?5.3, salaries ?149m (up from ?133m in 2008, a 12% increase), salaries in relation to turnover 68%, Losses before tax ?84.5m, accumulated debts ?701m owed to Roman Abramovich, Interest payable Nil, highest earning director Peter Kenyon (resigned): ?2m, an interest free loan, is the only and best description to the ongoing financing of Chelsea by Abramovich since 2003, and is in danger of surpassing ?795m by mid 2009. In January 2009 Chelsea hinted had been reduced to ?340m, with the use of share conversions. The previous chief executive Peter Kenyon's plan for Chelsea to break even by2010 was a preposterous statement in conjunction to the ?30m payouts to departing managers Jose Mourinho, Avram Grant, Luiz Felipe Scolari, and Chelsea's huge losses were up all consecutive quarters since 2003. How long Abramovich?s continue to play games with his favourite ?toy? Chelsea remains to be seen but the squad is ageing and little focus on young player development continues. Manchester United: Wholly ?owned? by Malcolm Glazer and his family via Red Football Limited Parnership and Red Football General Partner Inc, both registered in the low tax State of Nevada, USA, turnover ?256.2m ( up from 210.1m the previous year, an increase of 22%), gate turnstile receipts ?101.5m, media and TV ?90.7m, additional commercial ?64m, Salaries (player) ?121.1m (up from ?92.3m the previous year, an increase of 31.2%), salaries in relation to turnover 47%, losses before tax ?44.8m, accumulated debts ?699m, Interest payable ?69m, highest earning director David Gill: ?1.739m..... A perfect example of the cynical and parasitic Americanism "leveraged buyout". The Glazer clan bought the world's richest club in 2005, then went about loading it with the costs of their own takeover truly astonishing , and despite the glittering success thanks to fans, Sir Alex , and player alike have bleed the profit out of the business over which they have since presided, the debts have continued to mount. By May 2008, a staggering ?263m in interest alone had become payable, but the capital Man U owe has now actually grown to ?699m, because some of interest accumulation at eye watering rates. Ironically while the club remains successful these massive debts not as threatening as it first appears but it is such a painful waste when considered how these monies and earning could be invested. No wonder Val is spitting feathers...and sorry Val while I agree that the sale of Rooney would not solve Man U debts it could be the only or necessary course of action to meet debt requirements, it does not bear thinking about what would have happened if the sale of Ronaldo ?80m had not taken place, theoretically Man U companies could have collapsed in on themselves, It is time to take stock ....Weekend premier league post later Guys ....think we are all in need a Sake head banger ...yes !! |
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Posted on: 2010/1/17 4:46
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