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Carter and Evans to leave for Europe?
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<blockquote data-quote="shtove" data-source="post: 189810"><p>Thats completely different. </p><p></p><p>First, Liverpool FC is not a franchise. The many NFL and NHL teams are franchises, with the owners being given permission to operate them by a central body in return for money. Liverpool FC and Chelsea FC are private limited companies, run as a business by a board in the interest of its shareholders. Two completely different things. Simple GCSE Business Studies.[/b]</p></blockquote><p>Sorry, dude - zero difference. All serious assets are committed to the lender, except maybe the brand. Lender withdraws credit line, business becomes insolvent, assets seized, stars go away, fans grumble, brand goes in to ... hibernation. Fans return years later with pathetic buyout attempt, and former management (dressed in dayglo suits) steps in with irresistible, bargain-basement offer - "good for the people" - and the lender gets its arse covered.</p><p> </p><p>Substitute "debt raised on the promise of Russian oil revenues", along with the name "Abramovich"?</p><p> TV money is advertising money - same thing. And I hope you and yours haven't invested in real estate recently: the Yanks were having a ***** fight about that until eighteen months ago.</p><p></p><p>Northern Rock? I hope they don't run everything in the North like that.</p><p>[/QUOTE]</p>
[QUOTE="shtove, post: 189810"] Thats completely different. First, Liverpool FC is not a franchise. The many NFL and NHL teams are franchises, with the owners being given permission to operate them by a central body in return for money. Liverpool FC and Chelsea FC are private limited companies, run as a business by a board in the interest of its shareholders. Two completely different things. Simple GCSE Business Studies.[/b][/quote] Sorry, dude - zero difference. All serious assets are committed to the lender, except maybe the brand. Lender withdraws credit line, business becomes insolvent, assets seized, stars go away, fans grumble, brand goes in to ... hibernation. Fans return years later with pathetic buyout attempt, and former management (dressed in dayglo suits) steps in with irresistible, bargain-basement offer - "good for the people" - and the lender gets its arse covered. Substitute "debt raised on the promise of Russian oil revenues", along with the name "Abramovich"? TV money is advertising money - same thing. And I hope you and yours haven't invested in real estate recently: the Yanks were having a ***** fight about that until eighteen months ago. Northern Rock? I hope they don't run everything in the North like that. [/QUOTE]
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Carter and Evans to leave for Europe?
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