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I think this is all a potentially worrying situation for the club.
No matter what anybody thinks of the current regime under Levy, we are generally a well managed and stable club financially, no nonsense like Leeds etc and we've always stayed within our means when it comes to buying players and paying their wages.
Monaco and Malaga are two recent examples where the money was pumped in and just as quickly removed causing huge problems.
Dont want to see us ruined chasing titles by throwing money at it
No matter what anybody thinks of the current regime under Levy, we are generally a well managed and stable club financially, no nonsense like Leeds etc and we've always stayed within our means when it comes to buying players and paying their wages.
Monaco and Malaga are two recent examples where the money was pumped in and just as quickly removed causing huge problems.
Dont want to see us ruined chasing titles by throwing money at it
No, they really are a David. 10th largest stadium, 6th largest budget, but fighting for the top 4 and twice making it in a decade. No other club has managed that in England, and we have a massive (minimum 50%) gap in revenues to the smallest club above us.
The squad has been invested in. Those kinds of investments are always a risk, with some pay-offs, and some failures. The club has been heavily invested in with a new training centre, academy program and stadium being attempted. That's a very long-term plan which has taken even longer thanks to the nature of trying to get something built in London.
It's bloody hard work, but is actually possible, and will enable us to compete with the Goliaths without having to go down the sugar-daddy path.
Now, trying to claim we're a goliath who is incompetent is some way from the truth, but if you want to have a go at that: We're the 6th biggest club in the land. In any other country in the world, we'd being the 3rd or 4th largest, comfortably. There are over 80 professional teams below us in the football pyramid. Many of whom engage in massive debt-spending to try and reach where we are. Being the 6th largest doesn't make us a small club, but the scale of difference between Spurs and the immediate rivals above us is about the same as the difference between Spurs and the first 20 or so teams below us. The teams above us monopolize the trophies due to their size advantages, making us either the largest of the minnows, or the runt of the goliaths. But we have fought from near bankruptcy in the early 1990s to take this position while the other teams which have tried the same have all suffered massive mistakes (Villa, Wham, Leeds, Portsmouth, Everton, Newcastle, etc). By the measure of what our rivals have done, we are demonstrably the most competent. By the measure of those above us, the only people who weren't there before we experienced difficulty needed to use unsustainable debt spending which leaves the club facing potentially fatal consequences were the owners to pull out.
Your argument has no merit.
While we are on the subject of Russian billionaires...
Woolwich’s Alisher Usmanov loses $809m in 48 hours, Chelsea’s Roman Abramovich loses $449.5m
Two of the wealthiest men involved in Premier League football have lost a fortune in the past 48 hours, reports Vanity Fair.
In news that will send chills down the spines of Woolwich and Chelsea supporters, Alisher Usmanov and Roman Abramovich have seen their wealth decimated in the last two days as the Russian economy had nosedived.
As Russia ruble has fallen to its lowest value in more than a decade, Chelsea owner Abramovich has reportedly lost $449.5 million. That has left Roman with a net worth of just $12.8 billion.
As for Woolwich’s second largest shareholder Usmanov, he has lost $809 million this week, leaving his net worth at $13.4 billion.
The figures were compiled using data from Bloomberg’s Billionaires index.
Woolwich’s Alisher Usmanov loses $809m in 48 hours, Chelsea’s Roman Abramovich loses $449.5m
Two of the wealthiest men involved in Premier League football have lost a fortune in the past 48 hours, reports Vanity Fair.
In news that will send chills down the spines of Woolwich and Chelsea supporters, Alisher Usmanov and Roman Abramovich have seen their wealth decimated in the last two days as the Russian economy had nosedived.
As Russia ruble has fallen to its lowest value in more than a decade, Chelsea owner Abramovich has reportedly lost $449.5 million. That has left Roman with a net worth of just $12.8 billion.
As for Woolwich’s second largest shareholder Usmanov, he has lost $809 million this week, leaving his net worth at $13.4 billion.
The figures were compiled using data from Bloomberg’s Billionaires index.
No way in the world would good Muslims own a team called West Ham.
But its from a website called "get football news france" so it can't be made up! i mean... they have a website! They don't just let anyone have one of those?
Allah Akbar to our new owners xx
#itk
#itk
Whole club. Qatari Government. #itk #nobenteke
Bringing you tomorrow's news today x
Okay, so how many homegrown City players can you name that start on a regular basis? Or that have even made it into the first team? Or the bench?
Levy owns 25%.
He may not be a majority shareholder, but he clearly exerts influence as both a co-owner and the man tasked with day to day operations.
Woolwich grew organically? Are you sure? The pioneer of franchise football that bribed their way into the 1st division?
The scary thing is that if the Qataris want to buy a club, they're going to buy one. What if it's NOT us? This could end very badly.
:chadliwtf:
:chadliwtf:
Yes, but Woolwich don't have an Israeli flag occasionally in the ground, and don't go chanting "yiddo" when they score.
It's a bit different. Picture these prospective owners showing up to a match and seeing an entire stadium full of semite-phillic fans singing songs about people they pretend don't exist. It'd require a hell of a lot of cognitive dissonance to get around that.
Went Qatar once, dodgy place and the government workers are especially sus. I wouldn't like the club to be owned or connected to them in any way. If it happens it happens though and I'm sure there isn't too much we could do about it (maybe ST holders and other members could get something going).
There'd still be more of an atmosphere than at the Emirates.
There's more atmosphere at a stamp collection society than the Emirates that’s' hardly a place we want to compare ourselves to, I created more atmosphere farting in the toilet this morning than the goons do at most games.
Greaves357_bestever is going to be wanking into his morning cornflakes at this news.
Me, I hope it doesn't happen either. No more home grown players, no soul. Etc..
That scares me too as much as I would like the stadium to be completed and for us to be able to hold on to our best players when you look at Chelsea and City they sold themselves to the devil. They produce fuck all home grown players, atmosphere has gone to turd, it's a corporate bollox at those places these days.