Eels Blogs

Replies

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  slip June 3, 2016 at 11:19am

  If you're one of the most popular clubs, how do you end up in debt?

  Manchester United

  2014/15 debt: £255 million ($373 million)

  Manchester United is the most valuable team in the world due to its huge brand and revenues of over £400 million a year, but it's only won a single trophy since Alex Ferguson left three years ago — which might explain its mountain of debt incurred since the Glazer family took over the club. If the team wants to lower its debt, it needs to start winning things again — and the recent hiring of Jose Mourinho as manager could well do that.
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    SuperEel 22 > slip June 3, 2016 at 11:30am

    Because of player wages and operating costs. 
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    Chris > slip June 3, 2016 at 11:35am

    The Glazer families mode is to buy popular and profitable clubs and then remove as much equity as possible. That is why Man U have so much debt. The owners mortgaged the business.
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    Angry Eel > slip June 3, 2016 at 7:29pm

    Chris is correct
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  slip June 3, 2016 at 11:34am

  So they are spending more than they earn?
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    SuperEel 22 > slip June 3, 2016 at 11:42am

    Yes, most sporting clubs operate at a loss. You don't own one of those clubs to make money. You own it because you can.
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      slip > SuperEel 22 June 3, 2016 at 11:48am

      I see. Thanks super.
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  Bup June 3, 2016 at 5:46pm

  Get Roman Ambrovovich to buy the Eels . That's some serious spending.
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  Burtyfan "CYA FRANKIE" June 3, 2016 at 6:11pm

  and not to mention that they have offered zlatan ibrahimovic, over 300k per week to play for them. and that isnt AUD.