ABOUT DEBTS AND UEFA...


The symptoms begin to show slowly but surely It's time we faced the reality that...Our UEFA President is running insane. It could have been due to absence of UEFA Champions League football in midweek but in his boredom, Michel Platini and his board of worshippers threatened to throw out debt ridden clubs from the Champions League. Now, I never thought that I would be ranting business talk on this blog but thanks to the International Break, and more crucially our 'gone nuts' President, I have a word or two against Platini's suggestion but more importantly, in defence of Manchester United.
Firstly, it has to be said, this is all stemming from FIFA 's very own nut head, H.E. Joseph Sepp Blatter. The FIFA President has already expressed his disgust at the number of take overs that the English Premiership has attracted. He is ideally more concerned about the fact that the English clubs have taken over Europe--demonstrated by an all English Champions League final and all English Champions League semi-final last year. Much as I do not have sympathy for England and its position in UEFA, I do have sympathy for a club in England that has been cited as an example of those clubs that will be thrown out of Europe because of a mammoth debt. Manchester United, it has be known, were making bags of money before the Glazer family took control a couple of years ago. They have been, for the past decade, the richest club in Britain and have been vying with Real Madrid as the richest club in the world. United have never put themselves in debt to buy any players and therefore are one of the more financially stable clubs in Europe. The Glazer take over did put United in debt of plus 6oom pounds but as a spokesman put it clear yesterday, United's sufficient cash flow has ensured that the debt is being serviced comfortably. With the club yet to fully realise the total financial benefits of last year's success, and having the largest attendance in Britain every matchday, United are not in such a desperate need to rob the Bank of England.
Now back to our President, Platini might not be aware of how many clubs in Europe operate on debt. Real Madrid, Barcelona, Manchester United, Arsenal, Chelsea, Liverpool are some of UEFA's debt ridden clubs...but can anyone imagine a Champions League without any of these names? If it he or she can, then it is true,...WE ARE LIVING IN THE LAST DAYS!

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