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Former Hull Chairman: Everton Close To Ruin

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“In the very short-term, the financial picture is pretty bleak and I’d confidently say that a third – say 16 clubs – from the top two divisions are effectively up for sale. West Ham were one of them. In the Premier League, you can add Manchester United, Liverpool, Portsmouth, Hull City, Everton, Bolton and Wigan. All of those would accept serious offers for a change of owners or substantial slices of their stock."

 

http://www.express.co.uk/posts/view/153339/Paul-Duffen-The-clubs-are-close-to-ruin

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rubbish. since when does having a selling price make one on the verge of ruin? absolute bollocks as we may not be the richest club around but in financial terms we're far better off than Manure, Chelski, Shitty or the RS could ever hope to be. Even if no one buys us from BK, we won't go under. Rich or not, he's been wise in deciding when (and mostly) when not to spend. :lol: As frustrating as that is come silly season, it has kept this club afloat with reasonable levels of debt, a talented squad and annually increasing turnover. Whether or not you want BK gone, there is no denying he has placed in positions both competitive and financial that any club in the world can envy.

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rubbish. since when does having a selling price make one on the verge of ruin? absolute bollocks as we may not be the richest club around but in financial terms we're far better off than Manure, Chelski, Shitty or the RS could ever hope to be. Even if no one buys us from BK, we won't go under. Rich or not, he's been wise in deciding when (and mostly) when not to spend. :lol: As frustrating as that is come silly season, it has kept this club afloat with reasonable levels of debt, a talented squad and annually increasing turnover. Whether or not you want BK gone, there is no denying he has placed in positions both competitive and financial that any club in the world can envy.

 

 

I agree with Blue Nose Yankee. Two seperate (and not necessarily linked) points are made. The financial position of many (most) clubs is poor and we are no different (much better off than some, not as good as others). As for saying that we would accept serious offers, Mr Kenwright has made his position on this very clear so it's hardly "news")

The financial situation of football is frankly a disgrace. West Ham's new owners take over and announce that the club is £110m in debt and then within 48 hours seem to be trying to entice a player with a salary of £100,000 a week - farcical.

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I agree with Blue Nose Yankee. Two seperate (and not necessarily linked) points are made. The financial position of many (most) clubs is poor and we are no different (much better off than some, not as good as others). As for saying that we would accept serious offers, Mr Kenwright has made his position on this very clear so it's hardly "news")

The financial situation of football is frankly a disgrace. West Ham's new owners take over and announce that the club is £110m in debt and then within 48 hours seem to be trying to entice a player with a salary of £100,000 a week - farcical.

 

There should be some Fifa ruling that stops football clubs running up massive debts. Its ridiculous at the moment and something needs to be done before we end up seeing a lot of top flight football clubs go out of business...

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£37m of debt is hardly close to ruin. We may want an owner to underwrite spending to get us into the Top 4 but we sure as hell aren't close to ruin.

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