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I feel that the "bidders" who have made their interests public are the ones that will not succeed. My gut tells me the ones who get this over the line haven't revealed themselves yet.
But whoever comes in has to cover a £100m per year hole in revenue. It's hard to see who and why someone would do this, unless they had some dirty money to clean.
I agree, I feel that many of the so-called consortiums just want the PR on bidding. The only ones who would seriously want to buy this club is someone who needs it as a sport washing asset – like the Saudis.
This is not Man Utd which you can buy on leverage and take serious profits out of the club. There is simply no profits to gain.
I have never followed the net spend table, but is it possible that the 100m annual shortfall could be managed in different / better transfer dealings?
Significantly lower the wage bill....... Buy less expensive duds..... Develop more young/acad. players in-house (rather than loaning of 500 players every summer)......
Total revamp basically.
Yeah of course, short term. Sell 200M of players to fund two years worth of losses on wages. That wage bill needs to be chopped off by a third and it will take another two years to reduce it even with players contracts expiring
They still have the 4/5th highest commercial revenue in the league. With City and Utd miles ahead, Liverpool then us/Chelsea. I don't think it's the basket case that many are making it out to be. Obviously they are in a precarious position, but they are "only" a new stadium worse off than us, and they have a glittering on field recent history to use in their commercial dealings.
The real crux of the problem as I see it is this 1.5 billion quid "loan" on the books.
I think that no team has generated as much for player sales as them, whatever the numbers are, this part of their business they are brilliant at and that has been with Abramovich's money being pumped in.
Whoever buys them will indeed need to rely on the massive army of players to generate revenue, I think this will be where they will increase their activity, be more active, I feel they've built up the pool of players and maintain this number by matching the outs and in's. But will now have to shift to selling more than the number they bring in. This can sustain them for a number of years such is the vast number of players they have.
But the bottom line is they need Abramovich's £100m annual investment just to stand still.
There are only two ways to plug this gap 1) Get a Middle East state to buy them to wash their sins 2) Build a new stadium to generate the revenue, that's probably 10yrs off now.
The numbers don't really stack up (they do somewhat stack up if whoever is buying get's it for £1b perhaps)
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Sure; and anyone thinking they'll go bankrupt is dreaming....... But that avg. 100m p/a loss need to be eliminated (or continue to be subsidised.)
Indeed and that's where the terms of the following tweet comes into play:
It's even less wise to trust dis-ingenuous, ENIC-out number-phobes.
Okay, if you say so :contethumb:
They’ve already pulled the levers of recent on field history for their commercial deals. If they do have reduce wages slightly, they risk dropping out the CL. £100M of their commercial revenue was from CL last season, doesn’t look so clever then
Roman pumped in 250M the season they finished outside about five years ago. It’s a massive issue but yeah the loan is a smoking gun too
Hahah.... They're smashing it.
Good on Mr Gibson. Heard he had a rep as a good guy...... Now I can see why.
Every man and their dog is supporting them tomorrow
The biggest issue is what happens to that commercial revenue when the wage bill is brought within budget. Less success will reduce revenue further. At best they'll be able to keep up with us and the gooners.
Deadline passes at 9pm. Don't think we will know before next week.