tag:blogger.com,1999:blog-22806182.post115875793973002172..comments2023-10-30T07:49:39.886-04:00Comments on Goonerboy: Incredibly, building a new stadium = more debt, and Saturday previewGoonerboyhttp://www.blogger.com/profile/10489244017423718503noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-22806182.post-1158841444310330282006-09-21T08:24:00.000-04:002006-09-21T08:24:00.000-04:00The football business made profit of £16.8M for th...The football business made profit of £16.8M for the first 6 months as opposed to £8.9M last year. They lost money on the Highbury developments (due to lower sales than last year) and the cost of physically moving from Highbury to emirates.<BR/><BR/>WayneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158835667877729412006-09-21T06:47:00.000-04:002006-09-21T06:47:00.000-04:00Ok - so can anyone explain the lower profits after...Ok - so can anyone explain the lower profits after a reasonably successful season?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158786986463223442006-09-20T17:16:00.000-04:002006-09-20T17:16:00.000-04:00A lot of misinformation flying around here. The n...A lot of misinformation flying around here. The nominal increase in debt was known at the time of refinancing months ago. Edelman announcing that fact today doesn't change anything. Due to the decrease in the interest rate and projected inflation, the real value of the debt is actually less after refinancing. Anon, 8:13, where did you get that from? What home units? They hadn't begun selling any Highbury flats, and also stated they couldn't include those sales in the upcoming report in any case until they were delivered, which won't be for another 2-3 years. Review the AGM report if you want proof.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158783199179740682006-09-20T16:13:00.000-04:002006-09-20T16:13:00.000-04:00much of our profit last year was home-unit sales. ...much of our profit last year was home-unit sales. that's not there this year. we'll get a more sustainable bump next year from increased gate trafficAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158770252086303082006-09-20T12:37:00.000-04:002006-09-20T12:37:00.000-04:00What I did find confusing was the fact that we wen...What I did find confusing was the fact that we went to the Champions league final, and increased turnover massively, but profits went down significantly. how come?<BR/>I think this was operating profit so wasn't affected by the stadium. Thoughts?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158770103272069902006-09-20T12:35:00.000-04:002006-09-20T12:35:00.000-04:00I don't think that Chelsea have any debt at all. ...I don't think that Chelsea have any debt at all. In the purchase of the club, Abrahamovich would have had to satisfy all debts. And, when he sells the clubs any new debt will have to be satisfied as part of the purchase. If he is personally a guarantor, he can't just say he wont guarantee anymore, he's still lianle. <BR/><BR/>Where Chelsea will be in dire starits is the long-term contracts for obscene money they have with marginal players. They won't even be able to sell a few these players becasue no club will pay the contracts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158765071632368272006-09-20T11:11:00.000-04:002006-09-20T11:11:00.000-04:00No need to panicThe debt has been rescheduled prop...No need to panic<BR/><BR/>The debt has been rescheduled properly and on to a significantly cheaper basis. There seems to be money available for players (not in Chavski scale though!) and a much much higher income stream.<BR/><BR/>I think the board shouild be congratulated for managing to build the stadium and give the team the right business base to operate into the 21st century without damaging the club.<BR/><BR/>Also we still have the best manger in the world at finding talent and making it great.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158763920009978362006-09-20T10:52:00.000-04:002006-09-20T10:52:00.000-04:00chewbacca is a a wookie but lives on Endor...........chewbacca is a a wookie but lives on Endor.........that does not make sense. Ladies and Gentlemen that does not make sense!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158760507727390412006-09-20T09:55:00.000-04:002006-09-20T09:55:00.000-04:00I don't think Abramovic will ever ask for the mone...I don't think Abramovic will ever ask for the money back; there's more of a chance that he might remove his position as a guarantor for their wider debts, which could bankrupt them.Goonerboyhttps://www.blogger.com/profile/10489244017423718503noreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158760303239950432006-09-20T09:51:00.000-04:002006-09-20T09:51:00.000-04:00At least the value of our assets exceeds our debts...At least the value of our assets exceeds our debts. If you're Chelski, you owe Abramovitch so much money that the only thing stopping you being insolvent is that he hasn't asked for it back - yet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22806182.post-1158759359096325852006-09-20T09:35:00.000-04:002006-09-20T09:35:00.000-04:00We may have a fair bit of debt but it's still a fr...We may have a fair bit of debt but it's still a fraction of the debt the Glazers have taken out on Manure....<BR/><BR/>According to some sources, Glazer financed over £600 million to purchase the theatre of losers!!!Anonymousnoreply@blogger.com