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Post by maccatwo2009 on Apr 3, 2009 6:45:33 GMT
Southampton could soon be no more. They had 30,000 seater studium season tickets cheaper than us and bigger crowds. Frist let me say not happy out our seasons tickets prices, but to pay for football with the wages our players on it what going to happen. I believe Southampton well not be only club in the next few seasons to head this way just could be frist. I also believe that there well be a prem clubs going to wall as well. Player wages and there greed has but football in browing to pay for hther greedy wages.Fan want to be win thing and want it asap, along with chairman and borads, it about ime as fans we look at the club for long term not short term. We at QPR should be aming at the prem but that going to take time to build for. If we lose some game not on a great run do sack the manager , shout for head as we all do. This should also stop has each manager wages have to be paid in full and cost money. Last thing the next time any of us want the board out because we not happy with some thing they doing or saying, STOP think what going to happen if they do leave us, could we be next southampton!!!!!
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Post by QPR Report on Apr 3, 2009 7:08:28 GMT
Today's Guardian. And pick a hundred stories re this. Still don't really understand how it happened at Southampton... But if we don't learn from others (or from our own past) that's amazingly stupid The Guardian/Owen Gibson Lowe quits after administrators take over Saints• Club's future in "serious jeopardy" • Saints confident they can avoid points deduction Rupert Lowe, centre, has resigned as chairman of the holding company that owns Southampton. Photograph: Tony O'Brien/Action Images The administrators running the holding company that owns Southampton FC today admitted they are in "serious jeopardy" and have six weeks to find a buyer if the club is to survive. Southampton Leisure Holdings was placed into administration this morning as the chairman, Rupert Lowe, resigned from the board and the Football League prepared to rule on whether the club should face a points deduction as a result. A bitter legal battle looks set to follow, with rival clubs calling on the League to ensure a deduction is applied. The League's board meets on Tuesday. Southampton's administrators are confident they can avoid a 10-point deduction that would affect any sale value because it remains a going concern, even though the holding company is in administration. The League is thought to be reluctant to allow Southampton to get away without a deduction but believes applying a penalty could be difficult under its rules. Three directors, Rupert Lowe, Andrew Cowen and Michael Wilde, resigned with immediate effect after it was decided the club had a better chance of finding a buyer and boosting gate receipts between now and the end of the season if they were removed from the equation. The club are struggling under a debt burden of more than £30m and unable to attract new funding. The joint administrator Mark Fry has appealed to supporters to boost attendances in order to keep the club afloat and help attract interest. A last-minute expression of interest has already come to nothing as the potential buyer was unable to provide proof of funds. Fry said he had already received several other expressions of interest but conceded finding a buyer will be difficult in the current economic climate. Lowe, a divisive figure for supporters, told Fry he has no intention of buying back the club which as recently as 2005 was in the Premier League. The other clubs caught in a relegation fight with Southampton, not to mention other clubs that have been docked points for going into administration, will lobby hard for the League to impose a points penalty on the club. If Southampton finished in the bottom three, the points deduction would apply from the start of next season. But in any other scenario, it would be applied this year and would be likely to plunge them into the bottom three. Fry said he believed the club to be "in a very strong legal position" as regards the likelihood of avoiding a penalty, because the Football League rules refer to the club going into administration rather than the holding company. But he also conceded the only asset held by the holding company that does not relate to the football club was a piece of land held for development. "The problem is that because it's football and it affects other clubs, you're dealing with all of them lobbying the League as well," he said, confirming that there would be an appeal if points were docked. Southampton Leisure owes £24.5m to Aviva Investments, formerly Norwich Union, relating to the mortgage it took out to build St Mary's in 2001. The administators will look to restructure the debt as part of any rescue deal. The club also has a £4.5m overdraft with Barclays.With gates dwindling and despite raising millions from the sale of players including Gareth Bale and Theo Walcott, it was unable to bring in enough money to service its debts. Last year, it posted a pre-tax loss of £4.9m. www.guardian.co.uk/football/2009/apr/03/southampton-holding-company-administration
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Post by Zamoraaaah on Apr 3, 2009 7:12:49 GMT
Welcome Maccatwo2009
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Post by cpr on Apr 3, 2009 7:21:29 GMT
The running costs should be managable but obviously the soulless bowl has had the opposite affect to that proposed. Moving to that gaff was supposed to keep the club running and in profit, the debt to achieve it has in fact killed them. We have a holding company but they don't own anything but the club do they? Would be nice to know the true running costs of our club to seriously debate it macca. Yes they saved us etc blah blah but.... They have increased costs exponentially with no real tangible improvement in the most important component. Unless of course, mid table, safety without fear of relegation is success. Edit: Echo the welcome macca. ;D
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Dave Sexton
Posts: 1,896
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Post by ingham on Apr 3, 2009 8:45:15 GMT
Building a new stadium might be beneficial if:
(1) You have one of those rare managerial geniuses
(2) You are the only club which rebuilds its stadium - if all the others do the same thing, you gain no advantage
(3) The stadium was built more cheaply than it costs to run
(4) You build a bigger stadium than anyone else.
(5) It is full all the time
(6) If you struggle and revenue drops, you can put prices UP, to cover your losses
(7) The playing squad is assembled cheaply but play brilliantly.
Nowadays, it is unlikely that any Club outside the Big Three will have a genius manager for long. Every d**n Club has rebuilt or modernised its stadium, so there's no advantage in doing so. We did ours so quickly that it was out of date before it was finished, and it has been getting smaller almost year by year, while even United's monster is arguably smaller than Old Trafford was.
Highbury held more than the new one, while Liverpool, Chelsea and the rest have far lower capacities than they used to have. Yes, they're all seater, but I imagine that Madrid and Barcelona are all seater, and they're almost twice as big. As a comparison - and an example of how 'ambitious' they really are - Arsenal's is nearer in size to Loftus Road than it is to the Nou Camp.
In the Premiership most grounds are full or almost full, so that inevitably favours the bigger Clubs with bigger Grounds. It is only when Grounds are empty in proportion to a Club's success that the smaller Clubs have a chance of bridging the gap in size, if only briefly.
We were nearly relegated and put prices up. But if there are mental cases on the loose, crazy things will happen.
Playing squads are expensive nowadays. Any old rubbish is expensive nowadays, because agents, and the people who work at the Clubs, charge as much to the Clubs as they can get away with. Look at the size of the debts dumped on the 'successful' Clubs, let alone desperately struggling outfits like QPR.
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Post by eusebio13 on Apr 3, 2009 13:14:41 GMT
In the end the thing that cost Southampton was relegation not the stadium and they got relegated because Rupert Lowe wouldn't invest in the playing squad (FB beware). Another interesting point is the similarities/dissimilarties with Luton (for whom I don't quite have the loathing that some do). I had assumed that the holding company was the difference between the two clubs and that Southampton had been saved from point docking on this basis but last night I heard an official from Luton (on 5Live) pointing out that this had been the very same circumstances for Luton i.e. a holding company owned the ground and the club and that it was the holding company that had gone into receivership not Luton Town Football Club. www.clubsincrisis.com/Club_Detail.asp?Key=65Interestingly on Lowe's wikipedia page it has this statement "Lowe appointing three managers in one season was the primary reason for the club's downfall"....no lesson for QPR there then
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Post by Zamoraaaah on Apr 3, 2009 13:19:45 GMT
"Lowe appointing three managers in one season was the primary reason for the club's downfall"....no lesson for QPR there thenAbsokinlutely Eusebio and yet it would seem that some are angling for a 4th at Rangers before the season end.
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Post by QPR Report on Apr 3, 2009 13:20:47 GMT
Besides Dowie, Ainsworth, Sousa: Actually already had a fourth!
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Post by cpr on Apr 3, 2009 15:58:50 GMT
Sorry but I must repeat.
"Southampton Leisure owes £24.5m to Aviva Investments, formerly Norwich Union, relating to the mortgage it took out to build St Mary's in 2001."
They are £30 million in debt, that amount owed on the ground is the killer.
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Post by eusebio13 on Apr 3, 2009 16:44:30 GMT
Sorry but I must repeat. "Southampton Leisure owes £24.5m to Aviva Investments, formerly Norwich Union, relating to the mortgage it took out to build St Mary's in 2001."They are £30 million in debt, that amount owed on the ground is the killer. But Man Utd have debts of £900M the point is can you service it. While they were in the Prem they could no problem.
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Post by cpr on Apr 3, 2009 18:27:29 GMT
They weren'y in the prem, in that ground, for very long though.
Lesson to learn.
Stay put at LR not just until it's full but until we have at least 10,000 people on a season ticket list.
Manure and saints are very different animals Eus, incomparable in fact.
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Post by eusebio13 on Apr 3, 2009 18:43:10 GMT
They weren'y in the prem, in that ground, for very long though. Lesson to learn. Stay put at LR not just until it's full but until we have at least 10,000 people on a season ticket list. Manure and saints are very different animals Eus, incomparable in fact. Forgive me CPR but I disagree, if Man Utd were relegated and stayed in the CCC for three years they would go bust too. Southampton had 27 continous seasons in the top flight so perhaps took it for granted and the construction of St Mary's started in 1999 and finance would have been based on their cashflow projections then.
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Post by cpr on Apr 3, 2009 19:05:52 GMT
They weren'y in the prem, in that ground, for very long though. Lesson to learn. Stay put at LR not just until it's full but until we have at least 10,000 people on a season ticket list. Manure and saints are very different animals Eus, incomparable in fact. Forgive me CPR but I disagree, if Man Utd were relegated and stayed in the CCC for three years they would go bust too. Southampton had 27 continous seasons in the top flight so perhaps took it for granted and the construction of St Mary's started in 1999 and finance would have been based on their cashflow projections then. Impossible and ridiculous analogy but..... Manure have over 600,000 members, all wanting to buy tickets. They have a waiting list of more than 20,000 for season tickets. They are a truly global footballing brand. If they went down and stayed in the CCC for three years, CCC football would be beamed all over Asia. Saints are adored in some parts of Hampshire, end of. Look at the figures, it's the ground, nothing else.
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Post by eusebio13 on Apr 3, 2009 19:34:27 GMT
Forgive me CPR but I disagree, if Man Utd were relegated and stayed in the CCC for three years they would go bust too. Southampton had 27 continous seasons in the top flight so perhaps took it for granted and the construction of St Mary's started in 1999 and finance would have been based on their cashflow projections then. Impossible and ridiculous analogy but..... Manure have over 600,000 members, all wanting to buy tickets. They have a waiting list of more than 20,000 for season tickets. They are a truly global footballing brand. If they went down and stayed in the CCC for three years, CCC football would be beamed all over Asia. Saints are adored in some parts of Hampshire, end of. Look at the figures, it's the ground, nothing else. Man Utd debt is actually £660m so less than I said but the annual interest alone is £62m, do you really think they could sustain that in the CCC before they'd paid the players/staff salary and running costs. Not for long that's for sure soccernet.espn.go.com/news/story?id=374009&&cc=5739
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Post by cpr on Apr 3, 2009 20:00:16 GMT
Impossible and ridiculous analogy but..... Manure have over 600,000 members, all wanting to buy tickets. They have a waiting list of more than 20,000 for season tickets. They are a truly global footballing brand. If they went down and stayed in the CCC for three years, CCC football would be beamed all over Asia. Saints are adored in some parts of Hampshire, end of. Look at the figures, it's the ground, nothing else. Man Utd debt is actually £660m so less than I said but the annual interest alone is £62m, do you really think they could sustain that in the CCC before they'd paid the players/staff salary and running costs. Not for long that's for sure soccernet.espn.go.com/news/story?id=374009&&cc=5739Yes they could, for the reasons I've already mentioned. Like I also said, bad analogy.
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Post by eusebio13 on Apr 3, 2009 20:11:52 GMT
Man Utd debt is actually £660m so less than I said but the annual interest alone is £62m, do you really think they could sustain that in the CCC before they'd paid the players/staff salary and running costs. Not for long that's for sure soccernet.espn.go.com/news/story?id=374009&&cc=5739Yes they could, for the reasons I've already mentioned. Like I also said, bad analogy. Lots of Asian wearing Man Utd tops relies on them being in the Prem, the idea that the international support is anything but superficial is nonsense. The idea that tv is going to pay to show Man U v Doncaster is silly, no in the Prem the Man U brand is Gucci, in the CCC its Next at best.
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Post by cpr on Apr 3, 2009 20:22:27 GMT
Yes they could, for the reasons I've already mentioned. Like I also said, bad analogy. Lots of Asian wearing Man Utd tops relies on them being in the Prem, the idea that the international support is anything but superficial is nonsense. The idea that tv is going to pay to show Man U v Doncaster is silly, no in the Prem the Man U brand is Gucci, in the CCC its Next at best. Are you nuts? Sorry Eus but you are seriously wrong! Ii is manure they follow not the epl, them and the scouse (red) . If manure were playing doncaster it wouldn't matter in the far east. Have you been to any far eastern country or basing your knowledge of Asian fans on an assumption?
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Post by eusebio13 on Apr 3, 2009 20:59:58 GMT
In the 80's when Man U finish 2nd once they average 40K attendance with a 58k capacity by 1995 that had turned into 55k average because they had won 4 Premierships. As for the Asian market. www.bbk.ac.uk/news/news-releases/20060926Manchester United reap benefits of Park life Research from the Birkbeck Sport Business Centre highlights growing popularity of Manchester United in South Korea Ji-Sung Park was seen by some as a controversial signing when he first arrived at Manchester United back in 2005, but new research carried out at Birkbeck reveals that South Korea’s leading player has helped Manchester United reinforce its position as Asia’s favourite European football club. The research, which has been undertaken by the Birkbeck Sport Business Centre (BSBC), shows that Manchester United enjoys overwhelming support in South Korea. Almost 75% of South Korean football fans selected Manchester United as their favourite European football team. The ‘Park Effect’ has had a significant impact on this result, with many fans stating that he is one of the main reasons they support the Red Devils. Dr Simon Chadwick, who led the research team and is also a Co-Director of the BSBC, states: “The signing of Ji-Sung Park has been good for Manchester United. He is not only a talented player, but he has also helped United strengthen its position in South Korea. At a time when many commentators are closely monitoring Manchester United’s financial performance, this research is good news for the club.” Park is not the only reason for South Korea’s interest in Manchester United. The strong heritage of the club, the excitement that is often associated with United games and a detailed knowledge of the team, were also identified as being an important factors influencing club support. Dr Chadwick stresses: “South Koreans seem keen to support their star players who perform at the top level in European football. PSV Eindhoven, from whom United signed Ji-Sung Park, were commonly identified as their second favourite European team. A club nevertheless still needs to play an exciting brand of football, and have a strong and clear heritage, if it is really to be popular in South Korea.” The research is also good news for English football in general; 66% of South Korean football fans said they regularly watch the Premier League on television (compared to 2% for the Bundesliga and 1.6% for Spanish La Liga football). Almost 45% of fans also said that they would be prepared to pay a subscription to watch English football on television, the internet or their mobile phones (compared to 3% for La Liga and Italy’s Serie A respectively). Dr Chadwick explains: “There is a long history of English football being broadcast across the world. Clearly, the Premier League continues to benefit from this but the sport broadcasting market is becoming increasingly competitive. The Premier League should not be complacent, other sports and other football leagues are set to challenge it.” The research was undertaken during the summer by Dr Chadwick, and a team of South Korean researchers currently working at Birkbeck. The team travelled to South Korea to distribute questionnaires and carry out interviews with fans of European football in their home country. Almost 400 South Koreans participated in the study. In an earlier study undertaken by the BSBC during 2005, research conducted in China also showed strong levels of support for Manchester United. The results of this study showed that skilful play, an exciting team and star players were the most important influence on Chinese fans of United.
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Post by cpr on Apr 3, 2009 21:11:44 GMT
Very long reply but meaningless. You haven't been to anywhere in Asia then obviously. Conversely, I could copy and paste a diatribe if you wish. Suffice to say... The "EPL" as it is known out there, would not be watched if manure and red scouse were not in it. I know because I have worked in various countries in Asia over the last decade. Arse and Chels*** are almost meaningless there still. If Man U and Liverpool moved to the Lanzarote Sunday league, that would be the most popular league in the far east. Anyway, saints new ground killed them.
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Post by eusebio13 on Apr 3, 2009 21:30:21 GMT
Very long reply but meaningless. You haven't been to anywhere in Asia then obviously. Conversely, I could copy and paste a diatribe if you wish. Suffice to say... The "EPL" as it is known out there, would not be watched if manure and red scouse were not in it. I know because I have worked in various countries in Asia over the last decade. Arse and Chels*** are almost meaningless there still. If Man U and Liverpool moved to the Lanzarote Sunday league, that would be the most popular league in the far east. Anyway, saints new ground killed them. Actually the diatribe you talk about is called research and on this we can base arguments, your argument seems to be based on your personal anecdotal experience I know which I prefer.
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Post by cpr on Apr 3, 2009 21:52:41 GMT
Very long reply but meaningless. You haven't been to anywhere in Asia then obviously. Conversely, I could copy and paste a diatribe if you wish. Suffice to say... The "EPL" as it is known out there, would not be watched if manure and red scouse were not in it. I know because I have worked in various countries in Asia over the last decade. Arse and Chels*** are almost meaningless there still. If Man U and Liverpool moved to the Lanzarote Sunday league, that would be the most popular league in the far east. Anyway, saints new ground killed them. Actually the diatribe you talk about is called research and on this we can base arguments, your argument seems to be based on your personal anecdotal experience I know which I prefer. No it is not research it is opinion and it's not even yours. There are no facts in that post. Go to an Asian country and experience it for yourself. Don't base your opinions or arguements on somebody else's "facts". I prefer to base my arguements on my knowledge, that is knowledge as opposed to anecdotal experience but actual experience based upon the knowledge I have gained during the relative experience I have actually experienced ffs! In other words, you don't know about Asia, don't tell me about Asia from things you are reading or perceive to be facts because you happen to have read them somewhere. Let me tell you all about Portugal now!!!!!!!!!!
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Post by eusebio13 on Apr 3, 2009 22:09:04 GMT
Actually the diatribe you talk about is called research and on this we can base arguments, your argument seems to be based on your personal anecdotal experience I know which I prefer. No it is not research it is opinion and it's not even yours. There are no facts in that post. Go to an Asian country and experience it for yourself. Don't base your opinions or arguements on somebody else's "facts". I prefer to base my arguements on my knowledge, that is knowledge as opposed to anecdotal experience but actual experience based upon the knowledge I have gained during the relative experience I have actually experienced ffs! In other words, you don't know about Asia, don't tell me about Asia from things you are reading or perceive to be facts because you happen to have read them somewhere. Let me tell you all about Portugal now!!!!!!!!!! Oh dear CPR you seem to be resorting to the personal. The research above is both the factual attendance of Man Utd comparing two different eras, characterised by varying performance of the club in the league, the variation suggests that when Man U do well they get one average crowd and when they do less well they get 15-20% less. The second piece is a piece of research from the Birkbeck (a university) which asked real Asian people why they support particular clubs and they seem to put (a) same nation players & (b) as the premier league as the reason they support a club. You seem to think that you having lived in a country give you some insight into the reasoning/choices of people perhaps it does but its not equitable with research or fact and you personalising this argument doesn't change that. I don't claim to have special knowledge of all Portuguese other than that I can back with evidence and I certainly wouldn't say all the restaurants in Walton on Thames are shit because I had a bad meal in one of them. Now admit it Southampton stay up and they're still in the business irrelevant of the stadium.
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Post by cpr on Apr 3, 2009 22:42:07 GMT
No it is not research it is opinion and it's not even yours. There are no facts in that post. Go to an Asian country and experience it for yourself. Don't base your opinions or arguements on somebody else's "facts". I prefer to base my arguements on my knowledge, that is knowledge as opposed to anecdotal experience but actual experience based upon the knowledge I have gained during the relative experience I have actually experienced ffs! In other words, you don't know about Asia, don't tell me about Asia from things you are reading or perceive to be facts because you happen to have read them somewhere. Let me tell you all about Portugal now!!!!!!!!!! Oh dear CPR you seem to be resorting to the personal. The research above is both the factual attendance of Man Utd comparing two different eras, characterised by varying performance of the club in the league, the variation suggests that when Man U do well they get one average crowd and when they do less well they get 15-20% less. The second piece is a piece of research from the Birkbeck (a university) which asked real Asian people why they support particular clubs and they seem to put (a) same nation players & (b) as the premier league as the reason they support a club. You seem to think that you having lived in a country give you some insight into the reasoning/choices of people perhaps it does but its not equitable with research or fact and you personalising this argument doesn't change that. I don't claim to have special knowledge of all Portuguese other than that I can back with evidence and I certainly wouldn't say all the restaurants in Walton on Thames are shit because I had a bad meal in one of them. Now admit it Southampton stay up and they're still in the business irrelevant of the stadium. "Oh dear CPR you seem to be resorting to the personal." No, you seem to be resorting to the condescending. "The research above is both the factual attendance of Man Utd comparing two different eras, characterised by varying performance of the club in the league, the variation suggests that when Man U do well they get one average crowd and when they do less well they get 15-20% less. The second piece is a piece of research from the Birkbeck (a university) which asked real Asian people why they support particular clubs and they seem to put (a) same nation players & (b) as the premier league as the reason they support a club." Research and statistics prove that smoking kills, we will all die, regardless. When did Man Utd's attendances fall by 15-20% exactly? I would love to know. "the Birkbeck (a university)" based where exactly? only real Asian people can comment then, is that right? Why is there not an equal spread of premier league shirts being worn in Asia then? In reality, it's Man U and Liverpool not the EPL. "You seem to think that you having lived in a country give you some insight into the reasoning/choices of people perhaps it does but its not equitable with research or fact and you personalising this argument doesn't change that. I don't claim to have special knowledge of all Portuguese other than that I can back with evidence and I certainly wouldn't say all the restaurants in Walton on Thames are shit because I had a bad meal in one of them." What a curious comment! so living in a country gives no insight to the people then. Strange one that, suffice to say, I have seen the endless red shirts. Why the walton restaurant/Portugal analogy as well? I haven't eaten in all the restaurants in walton either plus I've only holidayed in the algarve, so what. Is lisbon flooded with chels*** shirts? I doubt it, is walton, NO. But so what? "Now admit it Southampton stay up and they're still in the business irrelevant of the stadium." What does that mean? I want saints to stay up, they are in shyte order because of the stadium, as I have said ad nauseum. I hope they stay up for personal reasons. It is possible they can stay up but get relegated by a points deduction. They could also go down and start 10 points behind or not. They most certainly won't be in business irrelevant of the stadium without some serious investment because it is a 24.5 million pound debt. jeez...good night.
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Post by QPR Report on Apr 3, 2009 22:55:16 GMT
Wouldn't the simplest/best thing be to relegate Manchester United (and to throw in Chelsea for good) and to keep them in the Championship - or better just for the sake of this 'test" - put them both in League One or Two for say five or ten years and then we'll see who's right. (And in the meantime, we'd get the phychic satisfaction of seeing them sunk in the mire)?
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Post by eusebio13 on Apr 3, 2009 23:17:03 GMT
Man Utd Attendance www.red11.org/mufc/stats/attendances.htmCon⋅de⋅scend⋅ing [kon-duh-sen-ding] –adjective showing or implying a usually patronizing descent from dignity or superiority "Impossible and ridiculous analogy" "Are you nuts? Sorry Eus but you are seriously wrong" "Have you been to any far eastern country or basing your knowledge of Asian fans on an assumption?" "Very long reply but meaningless.You haven't been to anywhere in Asia then obviously. Conversely, I could copy and paste a diatribe if you wish." "In other words, you don't know about Asia," How's this for condescending, any eight year old can tell that the reason Southampton are in financial difficulty was their relegation from the premiership
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Post by cpr on Apr 3, 2009 23:39:07 GMT
Man Utd Attendance www.red11.org/mufc/stats/attendances.htmCon⋅de⋅scend⋅ing [kon-duh-sen-ding] –adjective showing or implying a usually patronizing descent from dignity or superiority "Impossible and ridiculous analogy" "Are you nuts? Sorry Eus but you are seriously wrong" "Have you been to any far eastern country or basing your knowledge of Asian fans on an assumption?" "Very long reply but meaningless.You haven't been to anywhere in Asia then obviously. Conversely, I could copy and paste a diatribe if you wish." "In other words, you don't know about Asia," How's this for condescending, any eight year old can tell that the reason Southampton are in financial difficulty was their relegation from the premiershipYet again, another irrelevant post. They aren't in the premier league are they? Anyone, of any age can see that they are in financial difficulty because of a £24.5 million debt on a home they don't own. Except one, it seems.
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Post by eusebio13 on Apr 3, 2009 23:51:39 GMT
Man Utd Attendance www.red11.org/mufc/stats/attendances.htmCon⋅de⋅scend⋅ing [kon-duh-sen-ding] –adjective showing or implying a usually patronizing descent from dignity or superiority "Impossible and ridiculous analogy" "Are you nuts? Sorry Eus but you are seriously wrong" "Have you been to any far eastern country or basing your knowledge of Asian fans on an assumption?" "Very long reply but meaningless.You haven't been to anywhere in Asia then obviously. Conversely, I could copy and paste a diatribe if you wish." "In other words, you don't know about Asia," How's this for condescending, any eight year old can tell that the reason Southampton are in financial difficulty was their relegation from the premiershipYet again, another irrelevant post. They aren't in the premier league are they? Anyone, of any age can see that they are in financial difficulty because of a £24.5 million debt on a home they don't own. Except one, it seems. I thought you were going to bed, if my post are irrelevant stop responding to them. If I buy a house on a mortgage, when I have a good job that gives me an income to pay that mortgage and then I lose that job and have the house repossessed or am made bankrupt it is the loss of the job which causes the downfall. Under your argument none of us should spend our salary in case we lose our jobs one day. Southampton bought an asset on credit and could service the debt because they were in the Premiership and then they stopped being in the Premiership and their income went down and they could no longer service the debt. Your rude and you can't argue your way out of a paper bag
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