Comments on: Chelsea and Arsenal billionaires to use the credit crunch to their advantage http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/ Soccerlens - Football News You Can Trust Tue, 24 Nov 2009 20:15:21 -0800 http://soccerlens.com/?v=2.8.6 hourly 1 By: M http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-104022 M Thu, 16 Oct 2008 12:08:29 +0000 http://soccerlens.com/?p=13689#comment-104022 We're all doomed! We’re all doomed!

]]> By: joe http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103920 joe Wed, 15 Oct 2008 02:31:18 +0000 http://soccerlens.com/?p=13689#comment-103920 chances are the economy goes into world wide recession and it lasts for ten years therefore end of the world, only chelsea and man city survive, probably not arsenal, etc, etc. on the other hand chances are by next major transfer window, the summer of 09, the whole credit crunch is in the past, banks are stable (the ones that survived), etc, etc. chances are the whole above discussion is irrelavant as by the same summer of 09 the banks are happy to land more to clubs and then it is either survive or not but it is more of common sense vs Leeds type situation, which is not related to economy but to good business or luck of such chances are the economy goes into world wide recession and it lasts for ten years therefore end of the world, only chelsea and man city survive, probably not arsenal, etc, etc.

on the other hand chances are by next major transfer window, the summer of 09, the whole credit crunch is in the past, banks are stable (the ones that survived), etc, etc.

chances are the whole above discussion is irrelavant as by the same summer of 09 the banks are happy to land more to clubs and then it is either survive or not but it is more of common sense vs Leeds type situation, which is not related to economy but to good business or luck of such

]]> By: iqnadirshah http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103912 iqnadirshah Wed, 15 Oct 2008 00:25:31 +0000 http://soccerlens.com/?p=13689#comment-103912 And dont tell me to read the article again.............. And dont tell me to read the article again…………..

]]> By: iqnadirshah http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103911 iqnadirshah Wed, 15 Oct 2008 00:25:09 +0000 http://soccerlens.com/?p=13689#comment-103911 Ahmed I do not understand. How will Arsenal be affected more than Usmanov? If anything I would expect the Russian to be not affected by the financial crisis. I do not see how it will help him and trouble the Arsenal board(although they are already in deep shit because of the shares distribution)...... Ahmed I do not understand. How will Arsenal be affected more than Usmanov? If anything I would expect the Russian to be not affected by the financial crisis. I do not see how it will help him and trouble the Arsenal board(although they are already in deep shit because of the shares distribution)……

]]> By: Gary Andrews http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103897 Gary Andrews Tue, 14 Oct 2008 22:10:29 +0000 http://soccerlens.com/?p=13689#comment-103897 Would you really want Usmanov on your board though? That guy is not the type of person I would want anywhere near a street traders stall let alone a football club. Would you really want Usmanov on your board though? That guy is not the type of person I would want anywhere near a street traders stall let alone a football club.

]]> By: Ahmed Bilal http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103889 Ahmed Bilal Tue, 14 Oct 2008 21:09:21 +0000 http://soccerlens.com/?p=13689#comment-103889 @CaribKid: Fair enough. Fact remains that Usmanov will find it easier to get more shares now even if he doesn't get the board's shares. And I've already said in the article that Arsenal's situation is stable enough that they're not too bothered by the loans, although like Chelsea they too will not see their revenues rise as expected. @CaribKid: Fair enough. Fact remains that Usmanov will find it easier to get more shares now even if he doesn’t get the board’s shares.

And I’ve already said in the article that Arsenal’s situation is stable enough that they’re not too bothered by the loans, although like Chelsea they too will not see their revenues rise as expected.

]]> By: Ahmed Bilal http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103888 Ahmed Bilal Tue, 14 Oct 2008 21:07:06 +0000 http://soccerlens.com/?p=13689#comment-103888 @Hans: Not missed it at all. Kroenke is not a part of the lockdown agreement. @Hans: Not missed it at all. Kroenke is not a part of the lockdown agreement.

]]> By: Hans http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103884 Hans Tue, 14 Oct 2008 20:21:01 +0000 http://soccerlens.com/?p=13689#comment-103884 Ahmed you must have missed that Kroenke have joind the Arsenal board, meaning they control more than 50% of the club. And the lock down agreement prevents any of them of selling to Usmanov. Your comments about Abramovich suggest you have no idea how he made his money. I recommend you read 'the billionaire from nowhere' before writing more about him. Ahmed you must have missed that Kroenke have joind the Arsenal board, meaning they control more than 50% of the club. And the lock down agreement prevents any of them of selling to Usmanov.

Your comments about Abramovich suggest you have no idea how he made his money. I recommend you read ‘the billionaire from nowhere’ before writing more about him.

]]> By: La Grande Saucisse http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103875 La Grande Saucisse Tue, 14 Oct 2008 19:10:08 +0000 http://soccerlens.com/?p=13689#comment-103875 Arsenal will not be under more pressure to sell. The stadium loan is at fixed interest rates and repayments are made comfortably. Deposits at Highbury are non-refundable, but no buyers are backing out. If the directors chose to sell the club, for personal reasons, they would do so when the club's value was highest and multiple would-be buyers had cash to invest. In other words not a time of economic uncertainty like now... Arsenal will not be under more pressure to sell. The stadium loan is at fixed interest rates and repayments are made comfortably. Deposits at Highbury are non-refundable, but no buyers are backing out. If the directors chose to sell the club, for personal reasons, they would do so when the club’s value was highest and multiple would-be buyers had cash to invest. In other words not a time of economic uncertainty like now…

]]> By: CaribKid http://soccerlens.com/chelsea-and-arsenal-billionaires-to-use-the-credit-crunch-to-their-advantage/13689/comment-page-1/#comment-103874 CaribKid Tue, 14 Oct 2008 18:53:41 +0000 http://soccerlens.com/?p=13689#comment-103874 Ahmed, you need to check your facts before you commit pen to paper. Arsenal has over 90 Million pounds in a reserve account which is not earmarked for any expenditures and would not need to touch their OD account in order to purchase players. Arsenal is the 3rd largest football club in terms of revenue and has the highest Net Operating Income of all clubs. This means that after all operating expenditures they have more money than every other club in the world. Because of this, their credit is still classified as A-1 and they can borrow money if it was needed, which it is not. Ahmed, you need to check your facts before you commit pen to paper. Arsenal has over 90 Million pounds in a reserve account which is not earmarked for any expenditures and would not need to touch their OD account in order to purchase players.

Arsenal is the 3rd largest football club in terms of revenue and has the highest Net Operating Income of all clubs. This means that after all operating expenditures they have more money than every other club in the world.

Because of this, their credit is still classified as A-1 and they can borrow money if it was needed, which it is not.

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