Tazio Posted May 14, 2012 Share Posted May 14, 2012 Seems to be all the rage these days to owe a fortune. Just read in The Independent this morning that Athletico Madrid owe the Spanish tax authorities the euro equivalent of ?170m. Pretty huge I'd say. Link to comment Share on other sites More sharing options...
the jambo poet Posted May 14, 2012 Share Posted May 14, 2012 Seems to be all the rage these days to owe a fortune. Just read in The Independent this morning that Athletico Madrid owe the Spanish tax authorities the euro equivalent of ?170m. Pretty huge I'd say. The Spanish Rangers?...ole...It's amazing how clubs can run up these debts without anyone bothering to question their ability to actually pay them.....I suspect that Falcoa for one will be getting sold....magnificent player...altho don't think they'll get that much for him... on a similiar note Man City reported losses of ?190 million....that'll take some moving...when are the new laws being enforced by Uefa where clubs have to break even?...It would've been hilarious if it had been this season coming and u'd probably have the English champions unable to compete and also the Europa League winners not able to defend their win. Link to comment Share on other sites More sharing options...
Ray Winstone Posted May 14, 2012 Share Posted May 14, 2012 The Spanish Rangers?...ole...It's amazing how clubs can run up these debts without anyone bothering to question their ability to actually pay them.....I suspect that Falcoa for one will be getting sold....magnificent player...altho don't think they'll get that much for him... on a similiar note Man City reported losses of ?190 million....that'll take some moving...when are the new laws being enforced by Uefa where clubs have to break even?...It would've been hilarious if it had been this season coming and u'd probably have the English champions unable to compete and also the Europa League winners not able to defend their win. The owners of Man City will just sign off the majority of their debts with 'sponsorship' deals similar to the new Stadium name and current strip sponshorship. Link to comment Share on other sites More sharing options...
I.T.K Posted May 14, 2012 Share Posted May 14, 2012 The owners of Man City will just sign off the majority of their debts with 'sponsorship' deals similar to the new Stadium name and current strip sponshorship. But does that not mean the money is no longer debt. Ie the debt has been paid off by naming rites? Or am I missing something. Link to comment Share on other sites More sharing options...
SUTOL Posted May 14, 2012 Share Posted May 14, 2012 But does that not mean the money is no longer debt. Ie the debt has been paid off by naming rites? Or am I missing something. Correct, it is no longer debt as they effectivly bought the debt for the right to name the stadium or the shirts etc. Other option is debt for equity, like Vlad has done several times. Basicaly buy the debt for more shares in the company. That is provided the debt is to themselves, or they actually pay the bank or whoever holds the debt. Link to comment Share on other sites More sharing options...
I.T.K Posted May 14, 2012 Share Posted May 14, 2012 Correct, it is no longer debt as they effectivly bought the debt for the right to name the stadium or the shirts etc. Other option is debt for equity, like Vlad has done several times. Basicaly buy the debt for more shares in the company. That is provided the debt is to themselves, or they actually pay the bank or whoever holds the debt. Yeah thats what I thought,, just wondering how Athletico will sort their debt out?? Link to comment Share on other sites More sharing options...
benny Posted May 14, 2012 Share Posted May 14, 2012 Correct, it is no longer debt as they effectivly bought the debt for the right to name the stadium or the shirts etc. Other option is debt for equity, like Vlad has done several times. Basicaly buy the debt for more shares in the company. That is provided the debt is to themselves, or they actually pay the bank or whoever holds the debt. They reckon City will be running without losses in 3 years.New sponsorships,more money as champions.Which in includes tv,Champions league and Far East share of the market. Link to comment Share on other sites More sharing options...
Hibee Hater Posted May 14, 2012 Share Posted May 14, 2012 Their owners combined have something like 550 billion pound so thats like happy meal to them. Edit- The man city owners. Link to comment Share on other sites More sharing options...
Hibee Hater Posted May 14, 2012 Share Posted May 14, 2012 They could just give that money to madrid. Link to comment Share on other sites More sharing options...
Jay B-8) Posted May 14, 2012 Share Posted May 14, 2012 They see Real getting bailed out by the Spanish government and say hey we'll just do the same Setting dangerous precidents Link to comment Share on other sites More sharing options...
benny Posted May 14, 2012 Share Posted May 14, 2012 They see Real getting bailed out by the Spanish government and say hey we'll just do the same Setting dangerous precidents Good for them,all Spanish clubs should back them up as well. Real got away murder over their debts. Link to comment Share on other sites More sharing options...
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