UPDATE – since I wrote this article it seems Setanta is going bust. I have added an update commentary based on that view, in the correspondence column that follows the article.
Here’s the original article…..
Shock horror, English football is falling apart – and Arsenal are making a signing of someone who is not 11 years old. Here’s the latest.
SETANTA is seemingly on the very edge. The shareholders are not willing to stump up the £150m the TV station needs to keep going – and that means they may well go down. So the rights they own (for example to EPL and FA Cup games) will be up for grabs. Sky will take some, although at a knock down price – but can’t buy them all because EU rules forbid it. Net result: amount of money coming into EPL is reduced dramatically. As for Scotland’s Prem League, Setanta has simply refused to pay them the money owed, so they are in a real old mess with no TV deal at all.
If you get annoyed when players say “it is an honour to be linked with Milan / Barca / Inter” etc, spare a thought for Liverpool. Not a kindly thought of course, more a giggle.
Mascherano’s agent said today, “If a club like Barcelona want to bring you into their ranks after completing such a brilliant season winning everything, obviously as a player you are going to say, ‘Yes, I want to play there.’ I believe that a transfer would be feasible. If Barça really want him, he will sign for them. He would have a very easy job at Barça fitting into their system.”
Meanwhile Liverpool’s manager claims he has lots of money to spend, despite not being able to afford G Barry. But he (and the fans) won’t have liked the revelation that the Liverpool owners, having not only bankrupted the club, also claimed £2m last year to cover the “travel, legal and other personal expenses”. In other words you and me pay to go and watch Arsenal play football. The Liverpool owners GET PAID to go and watch Liverpool. (Mind you I think if I had to watch Liverpool each week I’d ask to be paid too.)
Unfortunately the club is now so bust that it can’t even afford to pay all the expenses claimed by its owners. £188,000 of the expenses claim is still owed to Gillett and Hicks by the club!
WEST HAM UNITED
They have new owners, true, but sadly the new owners are not the white knights we took them to be but are themselves on the edge of bankruptcy.
Because 70% of the new company is still the Icelandic bank Straumur, and is simply a device to try and extend the time that WHU can hide from its creditors and avoid the EPL docking the club 10 points for going into administration or bankruptcy.
The “new” owners have until 12 June to get an extension to the freeze on payments of debts – but even then the creditors can object and they have until 6 August. If not, its the end. So all that talk about takeover and “funds for transfers” is just the normal stuff you get from the outer eastern reaches of the Underground system.
Not content with being so far in debt that the club can’t even pay the interest on its debts, Manchester U is now being sued by CSKA Sofia who say they have not been paid their FIFA Solidarity Payment for the transfer of Berbatov from the Tiny Totts last season.
FIFA Solidarity Payments go to clubs who develop players from a young age and then find them transferred for big fees. Normally payments (which are only about 1.5% of the transfer fee) go through without a problem. The fact this one has not been paid speaks volumes about Manchester U’s finances.
And so, while the rest of football collapses into nothingness it looks like we are buying Thomas Vermaelen. What’s interesting is that despite him being only 23 he is captain of Ajax, which speaks volumes for his central defence leadership.
But the final word of today must be with the fact that M Ashley is so anxious to sell the Zebras that they are now advertised to one and all, asking someone, anyone, to buy the thing. If you want to place a bid you need to drop a line to email@example.com Untold Arsenal has written and offered a deal on the same terms as the American’s deal which bought Liverpool – including the right to claim expenses – which will cover my season tickets, the drive to Arnos Grove, the underground fare and the fish and chips in the ground.
(c) Tony Attwood 2009. Although this may read as if additional contributions have been made by M. Mouse I can assure you its all true. Honest.
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