Da Man Clay
T'Blades
- Dec 16, 2004
- 16,286
Burnley I imagine - Sure I heard somewhere they are debt free.
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Only three clubs in profit.
- Thread starter Leekbrookgull
- Start date
Burnley I imagine - Sure I heard somewhere they are debt free.
m20gull
Well-known member
My boss is a Burnley fan - I'm sure he called them the richest club in the Premier League
brakespear
Doctor Worm
surrey jim
Not in Surrey
debt free doesnt mean they run at a profit.
Spurs are run well, not a shock since Levy is a MASSIVE Jew
Mackenzie
Old Brightonian
Swansea might be one of the three.
Scotty Mac
New member
- Jul 13, 2003
- 24,405
bloom is a massive jew and has still spent a ludicrous amount of money
BensGrandad
New member
It is not the actual amount that matters but the amount that you can afford to lose.
I believe Bristol City has been mentioned a few times as being very well run financially...
SirDouglasLoft
New member
- Jul 4, 2008
- 6,876
Leeds, Arsenal and Stoke.
Lord Bracknell
On fire
Franks Wild Years
New member
However, Andronikou believes the deduction is not necessarily inevitable and hinted he may ask the league to withhold the punishment.
"I understand everyone is taking it for granted we are going to be docked the nine points. It is something I need to broach with the Premier League and then look to start talking about parachute payments," he said.
"I need that to be confirmed during the course of the week. We need to go through the formal process. I think it's early days to be talking about deducting the nine points.
"It is the rule at the moment but we are the first Premier League club to have gone into administration so let's just test the rule," he added.
Its all f***ing wrong.
"I understand everyone is taking it for granted we are going to be docked the nine points. It is something I need to broach with the Premier League and then look to start talking about parachute payments," he said.
"I need that to be confirmed during the course of the week. We need to go through the formal process. I think it's early days to be talking about deducting the nine points.
"It is the rule at the moment but we are the first Premier League club to have gone into administration so let's just test the rule," he added.
Its all f***ing wrong.
fataddick
Well-known member
Sounds lovely. Those were the sort of figures we (Charlton) were given at the end of every season during our decade in the PL sun. The moment we got relegated we were suddenly told we were £46 million in debt. Despite cutbacks, sales (Darren Bent to Spurs for 17m et al), our debt three years on remains pretty much the same. And now, neither Visa nor Mastercard will allow their credit cards to be used to buy one of our fund-raising 5-year season tickets, as they would be liable to repay a percentage of that back if we went under during the five years (and they obviously think, probably quite rightly, that we will) which just about sums it up. The line between profit and debt on football balance sheets is mighty mighty thin...
BensGrandad
New member
SSN showed that Arsenal made a pre tax prtofit of £30m ;last year but show a debt of £206m obviously being fo r the building of The Emirates Stadium.
Chicken Runner61
We stand where we want!
- May 20, 2007
- 4,609
I feel pretty sure Portsmouths books must have shown a hansome profit about 4 times this year when it changed hands?
