[Archived] Other Premier League Happenings

[philipl]

Leftfooter is absolutely correct that West Ham and Pompey were the major culprits in busting the sanity which had finally prevailed in Premier League wages.

That the two owners are suffering the most now is wholly deserved.

[John]

Interesting Steve Bruce article

[ABBEY]

after two defeats in a row fergie has said hes bring in new faces.....tevez has asked for one!!

[mickbrown]

Leftfooter is absolutely correct that West Ham and Pompey were the major culprits in busting the sanity which had finally prevailed in Premier League wages.

That the two owners are suffering the most now is wholly deserved.

Funny that, I thought it was Leeds and Chelsea.........the things you learn on here.......

[ABBEY]

what channels are england on this week?

[mickbrown]

what channels are england on this week?

Setanta on Saturday.

[ABBEY]

laptop then hahaha

[leftfooter]

Funny that, I thought it was Leeds and Chelsea.........the things you learn on here.......

The old ploy of shifting responsibility for one's own failings- find a scapegoat that nobody likes and blame them. Leeds are stll useful for something.

Leeds were well out of the picture before the Hammers went on their mad spending spree. Leeds were also appropriately punished eventually, allowing for a measure of catharsis. As for Chelsea it was understood by the rest of the league that no one could compete financially with them, so no one even tried.

West Ham and Portsmouth however infected the lower echelons were it was totally unsustainable with their financial profligacy. As a result many otherwise responsible and well run clubs faced the choice of spending over their budget or getting relegated.

West Ham's current debt stands somewhere in the region of 140M, with plenty deadwood still on the books - why would anyone walk away from that? Unless West Ham win the lottery, this level of debt will eventually see them flirting near the bottom of the league in the years to come and knowing the 'Ammers relegation will surely follow. Portsmouth will find their level, if they survive the Gaydamak debacle.

Let's hope well run, financially stable clubs like Rovers don't have to pay the price for others' recklessness and irresponsibility.

[mickbrown]

The old ploy of shifting responsibility for one's own failings- find a scapegoat that nobody likes and blame them. Leeds are stll useful for something.

Leeds were well out of the picture before the Hammers went on their mad spending spree. Leeds were also appropriately punished eventually, allowing for a measure of catharsis. As for Chelsea it was understood by the rest of the league that no one could compete financially with them, so no one even tried.

West Ham and Portsmouth however infected the lower echelons were it was totally unsustainable with their financial profligacy. As a result many otherwise responsible and well run clubs faced the choice of spending over their budget or getting relegated.

West Ham's current debt stands somewhere in the region of 140M, with plenty deadwood still on the books - why would anyone walk away from that? Unless West Ham win the lottery, this level of debt will eventually see them flirting near the bottom of the league in the years to come and knowing the 'Ammers relegation will surely follow. Portsmouth will find their level, if they survive the Gaydamak debacle.

Let's hope well run, financially stable clubs like Rovers don't have to pay the price for others' recklessness and irresponsibility.

I am not saying you are wrong about West Ham's current debt but where did you get the figure of £140 Million from ? The Sun !?

The old ploy of shifting responsibility for one's own failings- find a scapegoat that nobody likes and blame them. Leeds are stll useful for something.

Leeds were well out of the picture before the Hammers went on their mad spending spree. Leeds were also appropriately punished eventually, allowing for a measure of catharsis. As for Chelsea it was understood by the rest of the league that no one could compete financially with them, so no one even tried.

West Ham and Portsmouth however infected the lower echelons were it was totally unsustainable with their financial profligacy. As a result many otherwise responsible and well run clubs faced the choice of spending over their budget or getting relegated.

West Ham's current debt stands somewhere in the region of 140M, with plenty deadwood still on the books - why would anyone walk away from that? Unless West Ham win the lottery, this level of debt will eventually see them flirting near the bottom of the league in the years to come and knowing the 'Ammers relegation will surely follow. Portsmouth will find their level, if they survive the Gaydamak debacle.

Let's hope well run, financially stable clubs like Rovers don't have to pay the price for others' recklessness and irresponsibility.

Rovers, Well run ? Uhmm.......have you forgotten about Paul Ince ?

John Williams doesn't sure your optisism about rovers.....

"without funding from our owner we are inevitably moving from a trading club to a net selling club. It is the simple economics of a club with a small fan base".

For me this means relegation this year would mean the club we see this time next year would be vastly different and returning back to the premier league could take many many years. Secondly even if we survive this year we are likely to be back in the same position next season unless we find a suitable buyer".

Teams like Rovers and West Ham need to produce their own players to survive in the Premier League, West Ham have done this since ever I can remember and we have played 8 youth team graduates this season, Rovers on the other hand have have struggled to produce their own players.......

[broadsword]

We're not going to find a suitable buyer, has that penny not dropped yet?

Just seems like a matter of time now before we get relegated, and if we do go, we shan't be coming back for a very long time, perhaps not in my lifetime.

[thenodrog]

Secondly even if we survive this year we are likely to be back in the same position next season unless we find a suitable buyer".

No strictly true imo. No one will be able to spend money that they haven't got as easily as they did. The financial situation has not quite cut us adfrift as brought more down to our level. Also the level of the £/euro if it stays where it is will also affect the status quo as the wealthier european clubs will be able to attract / entice Prem players away.

[mickbrown]

No strictly true. No one will be able to spend money that they haven't got as easily as they did. The financial situation has not quite cut us adfrift as brought more down to our level.

It amazes me with all the sky money, prize money and gate receipts that clubs cannot survive in the Premiership and trade at a profit.....

As someone has said previous there are a few clubs who have helped made players wages obscene........West Ham included when Eggy was in charge.......

[thenodrog]

It amazes me with all the sky money, prize money and gate receipts that clubs cannot survive in the Premiership and trade at a profit.....

In a nutshell Mick if there were 20 Manchester Uniteds in the Prem then 3 would still go down?

[mickbrown]

In a nutshell Mick if there were 20 Manchester Uniteds in the Prem then 3 would still go down?

But there isn't though is there.......

The game needs a complete overhaul, for a start more money should feed its way down the leagues, the promoted teams shouldn't be at such a disadvantage. It's never going to happen of course due to the greed of the premier league teams......

Going back to a previous post Newcastle should be added into the teams in potential danger, over paid flops with no clauses to reduce their contracts if they go down, they have an owner who wants out and no manager. God I hope they go down........

[thenodrog]

But there isn't though is there.......

The game needs a complete overhaul, for a start more money should feed its way down the leagues, the promoted teams shouldn't be at such a disadvantage. It's never going to happen of course due to the greed of the premier league teams......

Going back to a previous post Newcastle should be added into the teams in potential danger, over paid flops with no clauses to reduce their contracts if they go down, they have an owner who wants out and no manager. God I hope they go down........

Due to the greed of the premier league players and their agents! The effect of the Bosman / Freedom of Contract ruling is that huge amounts of money find their way into the portfolio's of the players and never reach the coffers of the clubs in the lower divisions. Many of the smaller clubs will have to turn amateur or fold. All part of my Lanky Utd theory.

[leftfooter]

I am not saying you are wrong about West Ham's current debt but where did you get the figure of £140 Million from ? The Sun !?

There you go: http://news.bbc.co.uk/2/hi/business/7423254.stm

Go to google and type in 'west ham wage bill' . It actually states it's 142M. I downplayed it. Despite the sale of Bellamy, wouldn't surprise me to read it's gone even higher since that article was published.

Regarding the Sun, given the Essex barra' boy connections, the manner in which the Ammers have chosen to both flog the club and handle its litigation through the media and of course West Ham's status as one of the sarf east's favourite media pantomime clubs, it would surprise me if the Sun isn't one of the more accurate sources of news on all things Appy Ammer.

Those that live by the media, die by the media.

[mickbrown]

There you go: http://news.bbc.co.uk/2/hi/business/7423254.stm

Go to google and type in 'west ham wage bill' . It actually states it's 142M. I downplayed it. Despite the sale of Bellamy, wouldn't surprise me to read it's gone even higher since that article was published.

Regarding the Sun, given the Essex barra' boy connections, the manner in which the Ammers have chosen to both flog the club and handle its litigation through the media and of course West Ham's status as one of the sarf east's favourite media pantomime clubs, it would surprise me if the Sun isn't one of the more accurate sources of news on all things Appy Ammer.

Those that live by the media, die by the media.

I am not wanting to cast doubt on their fugures but May'07 accounts state the debt was £47 Million, of which £20 Million was converted into equity. So to go from £27 Million debt to £142 Million debt in 12 months takes some going.........West Ham have also traded at a transfer profit of over £30 Million so basically the figures are b*llocks...........

The acounts for May'08 are due in the next few days so we will see who is right.

[Hughesy]

West Ham's wage bill at £142m? No chance in this world!

[mickbrown]

West Ham's wage bill at £142m? No chance in this world!

I think he meant the debt of the club, not the wage bill........

[philipl]

Post balance sheet events will be longer than the West Ham accounts thenselves when they finally come out!

[mickbrown]

Post balance sheet events will be longer than the West Ham accounts thenselves when they finally come out!

I reckon you are right, they should make for a very interesting read..........

[67splitscreen]

Oh, yes please, thank you very much.

I wish

[dingles staying down 4ever]

We should sue Jim Devine for Tevez's goal last season, sue the Whammers for playing Tevez in the first place, sue them for the points lost that might have got us into Europe............................................................

Whilst most of it is lawyers and people jumping on the bandwaggon, the point remains that West Ham cheated, and more or less got away with it. Send them down.

Why sue West Ham...Tevez played and scored for ManUre last season so lets sue them. Also Brad's mistake at Brum cost us Europe so lets sue him and I burnt my mouth on a pie at Wigan so I'm going to sue them!

[Hughesy]

West Ham in mega debt???

West Ham are prepared to break their transfer record by bidding more than £9m for Atalanta striker Sergio Floccari. (Daily Mirror)

[mickbrown]

West Ham in mega debt???

West Ham are prepared to break their transfer record by bidding more than £9m for Atalanta striker Sergio Floccari. (Daily Mirror)

I think we can ignore the above report unless they are scouting for the new owners.......

Olafsfell ehf , which appears to be the ultimate parent company of the group of companies West Ham are part of, filed for bankruptcy yesterday.

Before you get exctied, this event doesn't put West Ham in administration.