grasshopper 12:13 Wed Sep 29
£150m debt
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https://www.google.no/amp/s/www.westhamzone.com/news/david-sullivan-west-ham-are-150m-in-debt/%3famp
Blaming COVID, yet we seem to be the only club complaining.
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Replies - In Chronological Order ( Show Newest Messages First)
BRANDED
12:17 Wed Sep 29
Re: £150m debt
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They are merely being honest.
Some people think debt is bad others dont care.
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Mike Oxsaw
12:20 Wed Sep 29
Re: £150m debt
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So long as it remains serviceable I don't see it as an issue.
Headline Click-bait for morons, yes, definitely, but it's not even really newsworthy.
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stewie griffin
12:22 Wed Sep 29
Re: £150m debt
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every single club is 'complaining'.
the owners give so much good material to cunt them off with. This isn't one of them
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Side of Ham
12:23 Wed Sep 29
Re: £150m debt
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Just lining it up as to why they had to sell Rice......
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Manuel
12:28 Wed Sep 29
Re: £150m debt
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As fully expected, the monies in in Jan that we were told were going to be rolled over to the summers budget has been completely forgotten about. The exact same thing happened in Jan 20 too.
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BRANDED
12:30 Wed Sep 29
Re: £150m debt
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Apple has 100 billion dollars in debt even though they have 250 billion dollars in the bank.They do this for efficiency to transferring wealth to certain shareholders and because the debt is cheap.I dont thing we have 300 million in the bank.
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Takashi Miike
12:47 Wed Sep 29
Re: £150m debt
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no one cares about apple, you cunt
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Sven Roeder
12:47 Wed Sep 29
Re: £150m debt
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How much of the £150m is external & how much owed to G&S?
If that bit is £100m
DR Shareholders Loans £100m
CR Issued Capital £100m
CRISIS OVER
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muskie
7:46 Wed Sep 29
Re: £150m debt
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You should consider that they pledged to reduce the debt but in spite of selling off the clubs major asset they've massively increased it.
You should also consider that the main beneficiaries of the debt are themselves.
And some dimwits wonder why there are demonstrations.
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Jaan Kenbrovin
8:51 Wed Sep 29
Re: £150m debt
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In comparison Spurs have a 1.2 BILLION debt.
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Side of Ham
8:55 Wed Sep 29
Re: £150m debt
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Fucking hell, as always our owners are fucking smalltime compared to Tottenham.......
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Kaiser Zoso
9:30 Wed Sep 29
Re: £150m debt
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Haller cost more than the Boleyn was sold for, so it wasn’t that much of an asset
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Jasnik
9:54 Wed Sep 29
Re: £150m debt
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I do find them having 3-4% loans very galling as they are just siphoning money out of WHU.
As surely in this day you could find a better rate than that?
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Rio or Anton or Les
10:54 Wed Sep 29
Re: £150m debt
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Don't worry about the debt, its not our concern.
We are winning on the pitch.
We have upgraded our players.
Anderson/Haller/Reid (thank you)/ probably Yarmolenko/Lanzini on their way.
Vlasic/Benrahma/Zouma/Dawson plus other bargains in!
No need to moan about anything enjoy the ride.
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VirginiaHam
11:14 Wed Sep 29
Re: £150m debt
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Aren't you meant to use someone else's money? If Spuds are GBP1.2 billion in debt, with Barcelona not far behind, what's the problem?
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Pagey
11:18 Wed Sep 29
Re: £150m debt
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I highly doubt that we’re the only club in the league who have had a bit of a whinge about the impact of Covid!
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Westside
3:35 Thu Sep 30
Re: £150m debt
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Aren't you meant to use someone else's money? I
£44 million of it is their money (Gold and Sullivan), that they've lent the club.
Plus another £9.5 million, from another shareholder.
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Crassus
4:51 Thu Sep 30
Re: £150m debt
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£150m debt
The context of that 'debt' would be interesting
If it's all liabilities then this has the whiff of the fabled Terry Brown calculator about it
The accounts will reveal more but I won't be loosing any sleep
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goose
4:58 Thu Sep 30
Re: £150m debt
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Debt isn't necessarily a bad thing.
I have a problem with G&S charging the club interest on those debts (loans), and I have a problem with them lying about how we would be 'debt free' for the move to the LS.
Isn't the debt higher now than when they bought the club and "saved it from administration"?
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Westside
8:32 Thu Sep 30
Re: £150m debt
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Isn't the debt higher now than when they bought the club and "saved it from administration"?
The Dildos bought us in January 2010. The May 2010 accounts, showed we had £13 million of net ASSETS. May 2020, net LIABILITIES of £85 million. So a near £100 million swing in 10 years.
Of which they have funded nearly half, with £44 million in loans (plus £9.5 million from another shareholder).
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