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[quote][i]Originally posted by Ben D[/i] [quote][i]Originally posted by Cosmo[/i] [quote][i]Originally posted by Ben D[/i] That'll be when i reveal I'm really an Arsenal fan... :o I can't see things getting that bad at OT tbh, Thankfully we have a huge fanbase worldwide and are one of the most profit making sports club's in the world so we will never be short of suitors looking to bail us out of trouble should we ever encounter real financial trouble. You wouldn't catch me jumping ship anyway as United are actually my local team :thumbs: [/quote] The problem is when the debt figure goes beyond what the club is worth by a fair distance. Its all well and good saying you have a massive fan base (so do we) but you dont find many people willing to throw billion+ to buy a club worth half that. Your revenues (taking player sales out of it) fell last year so your profit levels arent continually rising - your debt levels are though as no interest gets paid and it rolls over. [/quote] Does it though? I think we owe £6/700m and we've already had 2 £1bn offer's refused by the the Glazer's, So i don't think you can say we're worth half that can you? I wouldn't expect many many business' profit margin's to be on the up at this time in this financial climate though tbh, let alone many sports clubs, as in reality it's a luxury/hobby isn't it?. But still i bet our finances look a hell of a lot better than Chelsea's, Man City's, Liverpool's & probably even Tottenham's & Aston Villa's especially taking into account what they've achieved :o [/quote]
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