Unhappy Hammers

[Tin basher]

Seems West Ham could be in spot of bother on many fronts. The shirt sponsor XL has gone belly up. Sheff Utd are chasing telephone number £'s compensation claims for the Tevez affair, The Icelandic owners bank has gone to the wall and been nationalised and his biscuit empire is crumbling (sorry). Could be a fire sale of good players in the January window. the club has debts of around £30M if the papers are to be believed. Not good at all.

They could be the first of a line of football teams to feel the effects of the global money crisis.

 

[gemarriott]

like many of us North of the watford gap, "I don't really give a ****"DT_Xtremez_14:

 

[Tin basher]

like many of us North of the watford gap, "I don't really give a ****"DT_Xtremez_14:

True enough Gem wether West Ham succeeds or folds doesn't really matter much to me. But if one goes the whole pack of cards could come falling down. Most clubs, in most divisions, are in the red. Each clubs finances are interwoven with other clubs, transfer fees are being paid in dribs and drabs, extra money is paid based on performance, sell on clauses or number of caps players win etc. If one goes under and can't pay anything to anyone anymore the whole thing just collapses. Derby paid wages for fabritsio ravenneli (Spelt wrong I know) for months and months after he had gone he was a drain on their resources even though he was no longer playing for them. Clubs loan players to each other and on occassion the lending club still pays a part of the players wages with the remainder paid by the recieving club. As a way to run a business football is a poor example.

 

[Downsizer]

Seems West Ham could be in spot of bother on many fronts. The shirt sponsor XL has gone belly up. Sheff Utd are chasing telephone number £'s compensation claims for the Tevez affair, The Icelandic owners bank has gone to the wall and been nationalised and his biscuit empire is crumbling (sorry). Could be a fire sale of good players in the January window. the club has debts of around £30M if the papers are to be believed. Not good at all.

Thats the way the cookie crumbles though...