Interesting article on Bates/Chelsea Village

[Clan]

The Village was floated, a worrying time for Bates as 67.1% was owned by people he did not know, even though through some mystical path he did "speak for them', even though he did not know who they were.

http://www.chelseaactiongroup.com/drag.html

[leftwing]

what the hell is this?

[Clan]

Not sure what you mean????????

[Clan]

http://www.londonstockexchange.com/datastreamcharts/charts/105/10067_571354.jpg

Now, it looks bad compared to last year.Consider this though, when we gotthe Euro Bond loan in '97 the share price was almost 163p per share.

Somebody has lost a lot of money here, yet, according to Bates and his twisted financial way of thinking Chelsea Village is turning a profit and doing well.It is supporting Chelsea Football club like it was always supposed to do and the entire village complex is thriving.

Somebody is telling porkies.

[Clan]

With the conflict in Iraq dominating the media it is
easy to miss other important events as they arise.
However, life will go one once the war is over, and in
the meantime other significant issues arise which have
long term implications. With Chelsea Village’s
interim results due to be published this week the
whole Village project has reached a critical juncture.
This was supposed to be the promised land, the time of
milk and honey when revenue streams, profits and
dividends would flow unabated from the Leisure and
Entertainment heaven. This vision has not been
realised, and we predict that further losses will be
announced this week. As we wait for the interim
results, we have published a brief interim Village Eye
to preview the imminent announcement.

=====
Chelsea Action Group.
The truth is out there.Somewhere. Definitely offshore.

[Clan]

Just where will all this lead?
http://www.chelseaactiongroup.com/cvlosses.jpg

[Clan]

At a time when the nation is focused on Iraq, and the football world focused on the financial plight of Leeds United, Chelsea Village’s interim results are due. No doubt the Chelsea Village board hope that the news will get lost in the fog, that the losses announced go unremarked. The CAG will be doing our best to ensure that does not happen. Meanwhile here is a brief preview of the results and their significance.

Some things Bates (http://www.chelseaactiongroup.com/preview.html) would rather people didn't know and definitely doesn't want asked.

[Clan]

For everybody.
Terry wants more money.Actually he said he wantsto be on a par with some of the higher paid players-and when one thinks of what the likes of Bogarde are on who can blame him?

Still bates et al want to wait untill the summer they say before they enter into talks with anybody.
Now, as we all know that is just a smokescreen for saying we want to see if we will make the champions league and thus actuall have the money to give you any raises.
Of course this will mean spending money they technically don't have at the time of rewording the contracts.

And of course the 70 odd million quid Euro bond loan looms large in the background.

Todays share price (http://uk.finance.yahoo.com/q?s=cav&d=v2&m=L)-doesn't make for great reading.

[Clan]

Speaking of the Euro-Bond (http://www.chelseaactiongroup.com/euro.html) here it is for those that are unfamiliar with the ins and outs of it.