Wednesday, April 27, 2011

THESE ENGLISH CLUBS TO COULD BE BROKE.

While in England there are a few clubs that are in the red. The two former owners of Liverpool Mr Tom Hicks and George Gillett almost brought this big and famous club to its knees with their bad loans leading to debt. It was finally sold out.
Manchester United owners the Glazer family have brought Manchester United on a loan, so they have mortgaged the club to the bank. So the fans better realize hat the club could be the banks any day.And they taken 400 million pounds from the club to pay their interest to the bank.The Glazers family are getting a huge salary as well from the club.So they are buying players for huge amounts , they will end up in trouble.
Chelsea to are in debt and loss , but are bailed out by their Russian oil money.
Manchester City had a 121 million pound loss last year and spent 300 million pounds on players.
They are buying players and not selling them.So they will surely go bankrupt.

No comments: