olusinho Posted March 14, 2010 Share Posted March 14, 2010 as we all know arsenal has huge debts... now i like to buy young players train them and then sell on...to make a nice profit.. if lets say my balance is 200m , will the lcub wipe some of the debt off? or am i stuck with debt untill like 2030? Link to post Share on other sites More sharing options...
lfc 4 ever Posted March 14, 2010 Share Posted March 14, 2010 no mate your stuck with it unless youget a takeover Link to post Share on other sites More sharing options...
olusinho Posted March 14, 2010 Author Share Posted March 14, 2010 oh...gutted...thanks Link to post Share on other sites More sharing options...
jackripper Posted March 14, 2010 Share Posted March 14, 2010 it would be good if the chairmen would pay more off if youve raised enough cash each month. Link to post Share on other sites More sharing options...
stemlfc Posted March 14, 2010 Share Posted March 14, 2010 I made a similar thread yesterday. I also believe that we should have more control over the clubs debts. Arsene Wenger is involved in his clubs finances for a reason. He wants to know just how much a player is going to cost him long-term and any future funds. I believe, that if there is a significant amount of money into the clubs bank balance, we should be able to, at least, pressurize the board members into either; A) Increasing the monthly payments of the debt B) Using the money to make a down payment of say, £150m, leaving £50m of said £200M left in the bank. Thus, shorting the length of the repayments significantly. I think it's a good feature that could easily be put in. I hope SI listen to me. Link to post Share on other sites More sharing options...
baker.simon Posted March 14, 2010 Share Posted March 14, 2010 It's not as easy as you say to pay off a loan early, or even part of it. Such deals are charged with interest that will make the bank money over the term of the deal. If you pay that off then the bank won't make any money which is why they input penalty charges, some of which are ridiculous. Say you wanted to pay £100 million off, you'd probably need £120 million if not more. In fact sometimes the banks demand what you borrowed PLUS all the interest it would have earned through the entire length of the deal to finish the loan early. Link to post Share on other sites More sharing options...
jdogg Posted March 14, 2010 Share Posted March 14, 2010 debts do get paid off if you have sufficient funds i have had it happen to me a couple times Link to post Share on other sites More sharing options...
jdogg Posted March 14, 2010 Share Posted March 14, 2010 but it is only sometimes and if they see if viable i guess, up to the board but possible Link to post Share on other sites More sharing options...
andrespringett Posted March 14, 2010 Share Posted March 14, 2010 i would like to see something similar to this when you buy players as well. As in if your paying for a player over 36 months, i feel you should be able to pay this off in one go. Link to post Share on other sites More sharing options...
Jake1666 Posted March 14, 2010 Share Posted March 14, 2010 i fell ull should shut ur traps up and play the way the game was intended...ooohhh i think Arsenal should fire the board...we should also have that option.. Link to post Share on other sites More sharing options...
baker.simon Posted March 14, 2010 Share Posted March 14, 2010 i fell ull should shut ur traps up and play the way the game was intended...ooohhh i think Arsenal should fire the board...we should also have that option.. I feel you should learn some manners and stop being rude Link to post Share on other sites More sharing options...
FrazT Posted March 14, 2010 Share Posted March 14, 2010 i fell ull should shut ur traps up and play the way the game was intended...ooohhh i think Arsenal should fire the board...we should also have that option.. If you have nothing constructive to say, please don't post rubbish like this Link to post Share on other sites More sharing options...
Seabeast Posted March 14, 2010 Share Posted March 14, 2010 Arsenal make so much money the debt isn't even an issue. On my long 10.1 save someone bought the club and cleared all the debt, which was about 7 years in. Link to post Share on other sites More sharing options...
Ventricity Posted March 14, 2010 Share Posted March 14, 2010 in real life arsenal is a very economically healthy club (much more so than man utd, chelsea, liverpool and city). they earn more than what they pay in debts with their new stadion capacity compared to the old one. all clubs have debts, it's perfectly normal. Link to post Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.