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    [Football] West Ham situation. Is it the same?

    Not do I, for the reason you mention added to the fact that it is my closest/easiest Premier League away trip and I am reasonably confident we will survive.
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    [Football] West Ham situation. Is it the same?

    I’ve read a number of times about the sense of entitlement of West Ham fans (not going to post all the links as some posters insist upon when having a chat). I think it a little unfair. Living in this region and previously living and working in London I have known plenty of their supporters and...
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    [Football] West Ham situation. Is it the same?

    Thank you, really interesting read. I’m not sure I understand the financial flows following the sale of the Boleyn but perhaps I am not alone. The other issue seems to be these interest payments. As you mention, Mr Bloom does not charge interest on loans which is in contrast to Gold/Sullivan and...
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    [Football] West Ham situation. Is it the same?

    Thank you, I had missed that. So they borrowed money at 6% in order (in part at least) to honour previous loans made by the owners. In football terms these seem like quite small sums so seems odd that a new loan would be necessary. It would appear that they have indeed squandered their...
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    [Football] West Ham situation. Is it the same?

    If your figures are correct that’s an annual interest payment of 400k. Not sure how that translates into the 10 million that has been quoted as the recent payment taken by the owners. Granted we aren’t basing this on much actual knowledge of West Ham’s finances. Perhaps El Presidente can fill in...
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    [Football] West Ham situation. Is it the same?

    I take your point but it’s a commercial decision taken by Gold/Sullivan not the fans and I don’t think owners should be taking such risks with football clubs. Football really isn’t a business even if it is increasingly operated as such. A club is part of people’s roots and selling a ground...
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    [Football] West Ham situation. Is it the same?

    They sold their ground. They didn’t buy a new one. What’s that if it’s not asset stripping ?
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