Can anybody understand Football Debt ???

Discussion in 'Bulletin Board ARCHIVE' started by Young Nudger, Nov 23, 2007.

  1. Young Nudger

    Young Nudger Well-Known Member

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    How does football debt work?
    Obviuosly its not like any other type of debt

    For example - when Ridsdale was at Leeds it was -£120 Million then it went to -£80 Million without any investment, then a consortium brought it down to -£30 million without investment.
    And now Leeds are bringing in more and more players and look odds on to be in the Premeirship in 3 seasons time at the rate they are going.

    Another example is Wednesday - they have been reported to be £28 Million in debt for the last 3 seasons. And yet it is well known that they haven't payed interest on the debt for a couple of seasons, so why isn't the debt getting any bigger. Their now ex-chairman has been buying players for the club over the last 3 seasons and paying the players wages, so dosen't this debt add to the £28 million as well.
     
    Young Nudger, Nov 23, 2007
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  2. D/T

    D/T New Member

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    the consortium sold everything worth anything.
     
    D/T, Nov 23, 2007
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