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Arsenal are bankrupt!
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23-02-2004 1:23am#1
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business lesson one for SteM
bankrupt, insolvent -- (someone who has insufficient assets to cover their debts)
administration: The act or process of administering, especially the management of a government or large institution.
going into adminstration means that they are bust and other forms of management take over the company/organisation because..........they are...Bankrupt
"Leeds' massive reversal in fortune since then emphasises how costly it can be trying to compete with the world's richest club and, despite the bitter rivalry between fans of the two teams, Ferguson does not gain any pleasure from their demise.
'What has happened is very sad and there are a few other clubs teetering on the brink just like they are,' he said. 'Maybe they are not as exposed as Leeds but certainly a lot of clubs with the same kind of financial problems."
StevM did you even read the articale?
i know it is a wind up and he is trying to play his mind games but wenger has been more than a match for him in the past
but he is just making idiotic comments like that!
how about wenger came out saying he thinks utd will go into administration next year!?
he would be laughed off and harshly critized for a stupid comment while fergie's comments are just swept under the carpet
personally i dont mind but it just goes to show that fergie aint all that!
magnier anybody??0 -
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Actually Jank I have a bone to pick with you over the title as well. You nearly gave me a bloody heart attack. For around 2 seconds I knew what it was like to be a Leeds supporter and for that I will never forgive you
Gandalf.0 -
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Originally posted by gandalf
Actually Jank I have a bone to pick with you over the title as well. You nearly gave me a bloody heart attack. For around 2 seconds I knew what it was like to be a Leeds supporter and for that I will never forgive you
Gandalf.
lol yea poor leeds:(
hope this mornings news made your heart feel a little better
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Originally posted by jank
business lesson one for SteM
bankrupt, insolvent -- (someone who has insufficient assets to cover their debts)
administration: The act or process of administering, especially the management of a government or large institution.
going into adminstration means that they are bust and other forms of management take over the company/organisation because..........they are...Bankrupt
"Leeds' massive reversal in fortune since then emphasises how costly it can be trying to compete with the world's richest club and, despite the bitter rivalry between fans of the two teams, Ferguson does not gain any pleasure from their demise.
'What has happened is very sad and there are a few other clubs teetering on the brink just like they are,' he said. 'Maybe they are not as exposed as Leeds but certainly a lot of clubs with the same kind of financial problems."
StevM did you even read the articale?
i know it is a wind up and he is trying to play his mind games but wenger has been more than a match for him in the past
but he is just making idiotic comments like that!
how about wenger came out saying he thinks utd will go into administration next year!?
he would be laughed off and harshly critized for a stupid comment while fergie's comments are just swept under the carpet
personally i dont mind but it just goes to show that fergie aint all that!
magnier anybody??
1) I don't need you to teach me anything - you're defination of 'bankrupt' is pointless as I said before you've misquited SAF.
2) You're thread title and what was actually said are worlds apart - you're misquoting.
3) It's a fact that there are other clubs in the Premiership close to administration. Was Ferguson incorrect to say this?
4) Yes, I read the article, it a nothing piece. A man says says something, it winds you up and and you start a thread misquoting him.
5) Wenger would have no reason to say that, United are one of the few financially sound football clubs in England. Would it bother me? No, 'cause it's nowhere close to being true.
Congratulations should go to Arsenal for borrowing enough to build a new staduim - 60,000 will be an inpressive amount. Will be second largest in England won't it behind OT won't it? Jank, you really do have a chip on your shoulder when it comes to United don't you? 0 -
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Originally posted by vorbis
Stem, the insuation by SAF was that Arsenal could be going bankrupt. Tbh I don't think Jank has misquoted him all that much. Maybe he was just a touch sensationlist, thats all.
Jank could be writing headlines for The Sun on the evidence of this thread title.
I still don't understand where
'I read this week that Arsenal could go into administration next year. You would hate
to think anything like that could happen to a club with such tradition and history.'
translates into
'Arsenal are bankrupt!'.
That's changing what a person said and it's a misquote, but sure he'll never admit to that.0 -
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Originally posted by jank
since you love the word misquoting ill let you read it agian
fergie said what he said put 2 + 2 togehter please
old red nose himself has no foundation in saying that yes it is true that their are some english clubs in difficultity but arsenal are not one of them so he was wrong factualy wrong
that is a fact not a misquote
and im not arguing with who has the largest stadium either old trafford is full of prawn sandwich tpes anyway
Jank, will you look at what you're typing. How does:
'I read this week that Arsenal could go into administration next year. You would hate
to think anything like that could happen to a club with such tradition and history.'
translate into 'Arsenal are bankrupt!'.
Look, there doesn't seem to be any point to discussing this with you anymore. Like anything United related it seems to drive you to make irrational statements and we'll just end up going around in circles. I'll stop before I get dizzy
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Originally posted by tinky
He didn't make this up - it's a well publicised fact that Arsenal are in debt to the tune of almost 46 million pounds. Ferguson is quoting something he read he is not stating that they are bankrupt.
Tinky
well...Mis-quoting and out of context - some things never change !
sorry you beat me to it
eh could you post a link to back up your claim to say that these debts were NOT incured because of AG
these debts are effectively gone, under the loans aggread today
i know your skills at googling so ill let you find out the real facts and figures as regards arsenals finances
you could say that they are £357 million in debt but then again only an idiot would believe that or a utd fan
[edit] i thought you could do better than that, however it does give a great insight and economic detail into the finanaces of the club [\sarcasm]
where are the hindu times ??:D0 -
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