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Post by londonranger on Jan 7, 2009 1:38:48 GMT
Laksh only has 7.5 bill left. Qpr no longer money bags Mancty 12.5 bill. Roman slumped to 5 bill. source 4-4-2. Bernie down to 2 Bill. Hey, you know how to make a small fortune ??. Make a very large one and lose most of it ;D. ;D like spending it on Boradale.
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Post by QPR Report on Jan 7, 2009 7:54:14 GMT
List of Richest 20 Owners, etc qprreport.blogspot.com/2009/01/worlds-richest-football-owners.html But to me, it's not how much they have. it's how much they're putting into their football clubs. And who actually owes this money. And how stable, etc. Which goes back to what I was asking yesterday re how much our debt is now; and how much we're losing this year etc. A year ago, after the takeover - and culminating when we were playing Chelsea, many fans were caught up in the hype of "World's Richest" etc. I think many have now sobered up.
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Post by QPR Report on Jan 7, 2009 8:01:31 GMT
Also David Conn/The Guardian
Era of billionaire bail-outs is over warns dealmaker • Harris says slump spells end for big takeovers • Economic stability needed to tempt buyers' interestThe global economic downturn has brought a halt to the era of top English football clubs being taken over by rich investors, according to Keith Harris, the merchant banker who, in the boom years, advised a string of overseas businessmen to buy Premier League clubs. Harris says that financial conditions have deteriorated "even for billionaires" whose fortunes have been directly affected or who have become more cautious. Club owners cannot, he said, any longer expect to find wealthy individuals willing to buy them out and take clubs on. "We're in the toughest economic situation anybody has endured in our lifetime," Harris, of the firm Seymour Pierce, said, "and that means we are unlikely to see much activity on the football takeover scene." Harris had been instructed to find a buyer for Newcastle United but last week after, he said, several expressions of interest but no firm offer, the owner Mike Ashley withdrew the club from sale. Harris remains charged by Everton with finding a buyer, and other clubs including Blackburn Rovers and Portsmouth are officially for sale, but he does not envisage investors coming forward "until we get some form of stability" into the battered economy. A former chairman of the Football League, Harris made himself synonymous with the big-money buying and selling of English clubs after acting on Roman Abramovich's purchase of Chelsea in 2003, Randy Lerner's takeover of Aston Villa and Bjorgolfur Gudmundsson's of West Ham in 2006, and Thaksin Shinawatra's acquisition of Manchester City in 2007. The sales made huge profits for the chairmen and major shareholders who sold stakes in clubs which they had bought before the Premier League's commercial revolution. At Chelsea, Ken Bates received £17m from Abramovich for shares in the club which he bought for just £1 in 1982. Doug Ellis, the outgoing Aston Villa chairman, was paid £20m by Lerner for his 32% stake, while Terry Brown sold his shares in West Ham, which he bought originally for £2m, to Gudmundsson for £31m. At Manchester United, Martin Edwards had, by 2004, already sold the last of his family shareholding for a total of £93m, before the Glazer family took over the following year. Tom Hicks and George Gillett paid Liverpool's chairman, David Moores, £89m for his 51% stake when they bought the club in 2007. Freddy Shepherd and his brother Bruce, who made £37m, and Sir John Hall, whose family stake, bought for around £3m, reaped £76m, earned hugely from the sale to Ashley in June 2007. The only exception was Manchester City, where the chairman, John Wardle, and his partner, David Makin, did not recoup their initial investment, or have their full loans repaid, when Thaksin bought the club. That period, which delivered huge windfalls for the shareholders and a mixed record of investment in the clubs, is now drawing to a close, or a pause at least, because, Harris says, the economic crisis has dented the confidence or diminished the wealth of potential investors. Gudmundsson has been severely affected by the crisis in Iceland and been forced to put West Ham up for sale again; Harris believes they could find a buyer because London clubs remain attractive to investors. In general, though, he envisages a halt to takeovers until confidence returns. Harris says this is a "wake-up call" to clubs to control spending on wages and transfers. "The clubs have to realise it is back to the fundamental basics of managing their costs," he said. "We have been through a time when clubs have been overspending, with ordinary players commanding huge transfer fees and wages. The climate has changed, and takeovers are not going to be the solution to the woes that they may have been two years ago." www.guardian.co.uk/football/2009/jan/07/premier-league-money-keith-harris
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