Leveraged Sellout - The Arsenal Finance Thread

Discussion in 'Arsenal' started by Rewinder, Sep 14, 2008.

  1. thebigman

    thebigman Member+

    May 25, 2006
    Birmingham
    Club:
    Arsenal FC
    Nat'l Team:
    England
    Is trump rich enough?
     
  2. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    It's more likely when Trump goes full fascist that he or one of his cronies steals Man Utd for themselves
     
  3. DaPrince84

    DaPrince84 Member+

    Aug 22, 2001
    MD
    Club:
    Arsenal FC
    Nat'l Team:
    --other--
    Not even close
     
  4. yossarian

    yossarian Moderator
    Staff Member

    Jun 16, 1999
    Big City Blinking
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    As DaPrince said, no. One of the reasons he's been in bed with the Ruskies for years now is because no U.S. banks will loan him or his corrupt businesses any more money. And that's also why his presidency is just a giant grift.
     
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  5. mebeSajid

    mebeSajid Member+

    Feb 16, 2009
    Atlanta, GA
    Club:
    Arsenal FC
    I think suggesting that there's a but for relationship between Trump's Presidency being corrupt and US banks not loaning him money is incorrect: the but-for relationship is between both of them and Trump's complete lack of ethical and moral standards.

    The Trump administration is the Frank Wilhoit definition of Conservatism personified.
     
  6. wanye_stirrear

    wanye_stirrear Member+

    Sep 19, 2002
    Maryland
    How is Trump not rich enough? Arsenal is valued at around $1.3 billion (give or take). Conservative estimates put Trump’s net worth above $3 billion, so of course, he could afford it....

    I suspect that he would have a liquidity problem, but that doesn’t mean that he can’t afford it.

    With that said, Stan has a vice grip on control. Ownership isn’t changing anytime soon.
     
  7. yossarian

    yossarian Moderator
    Staff Member

    Jun 16, 1999
    Big City Blinking
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    Not sure exactly what you mean. I think Trump's government would be corrupt regardless --- that's who he is. The innate corruptness is why his administration is corrupt, not because U.S. banks stopped loaning him money a long time ago. Not sure if I clarified my earlier point or made it muddier.
     
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  8. yossarian

    yossarian Moderator
    Staff Member

    Jun 16, 1999
    Big City Blinking
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    Fwiw, a journalist, Timothy O'Brien, who actually saw his returns back in 2005 and wrote about it, said that his worth was actually around $250 million. Trump sued him for libel, but the case was ultimately dismissed, I'm assuming pursuant to some sort of confidentiality agreement since O'Brien is no longer at liberty to discuss it.
     
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  9. thebigman

    thebigman Member+

    May 25, 2006
    Birmingham
    Club:
    Arsenal FC
    Nat'l Team:
    England
    He would not buy us anyway

    Can’t see him living much longer on his diet
     
  10. yossarian

    yossarian Moderator
    Staff Member

    Jun 16, 1999
    Big City Blinking
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    But his doctor and later-failed-head-of-the-VA-nominee said he only weighed 239 and was so healthy he might live to 200. :ROFLMAO:
     
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  11. NorthBank

    NorthBank Member+

    Arsenal; NYRB
    United States
    Mar 29, 2006
    Connecticut
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    Yeah. Except that he has declared himself (through his doctor) to be the HOAT President!

    Healthiest Of All Time.
     
  12. wanye_stirrear

    wanye_stirrear Member+

    Sep 19, 2002
    Maryland
    You seem to be a political guy, so you probably already know how contentious Trump’s relationship with Forbes is. Forbes has hos net worth listed at $4 billion, and I highly doubt that they would be doing him any favors.

    With that said, it’s all moot.
     
  13. yossarian

    yossarian Moderator
    Staff Member

    Jun 16, 1999
    Big City Blinking
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    I agree it's certainly moot. But the Vanity Fair article I read (yeah, I know they hate Trump too) cites the Forbes article (which I thought estimated his worth at $3.1 billion rather than $4) and says it's wrong. Obviously, it's all speculation since he won't release returns.
     
  14. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    Also lets not forget they wildly overstated Price's net worth based on fake statements from Price

    I think where this stuff is not based on public documentation it should be treated with care
     
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  15. mebeSajid

    mebeSajid Member+

    Feb 16, 2009
    Atlanta, GA
    Club:
    Arsenal FC
    This is exactly what I was saying, though I think we're being a little unfair here: let he who hasn't used his charity to buy a portrait of himself to hang at his hotel cast the first stone.
     
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  16. wanye_stirrear

    wanye_stirrear Member+

    Sep 19, 2002
    Maryland
    It could be, but $250 million is a joke. That’s about the value of his new hotel in DC.
     
  17. danielh

    danielh Member+

    May 30, 2013
    Club:
    Arsenal FC
    He doesn't own that. He leases it.

    He takes on a lot of debt. If we see another 2008 I could see him filing again.
     
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  18. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    I'd be very sceptical how much net worth Trump has

    We know he has a tonne of debt and is asset light.
     
  19. wanye_stirrear

    wanye_stirrear Member+

    Sep 19, 2002
    Maryland
    He invested heavily in Manhattan and realized the crazy appreciation experienced there in real estate over the last few decades. He didn’t do anything special. It was more timing and riding the tide.

    Outside of Yossarian’s post about the Vanity article, I haven’t heard anyone who seriously doesn’t think he’s a billionaire. It’s just that he exaggerates everything. I doubt that he is worth $10 billion, but he is very rich.
     
  20. DaPrince84

    DaPrince84 Member+

    Aug 22, 2001
    MD
    Club:
    Arsenal FC
    Nat'l Team:
    --other--
    You live in the DC area right? Did you miss this story?

    https://www.washingtonpost.com/outl...762b08-4287-11e8-8569-26fda6b404c7_story.html

    He begged them to put him on the list. His “net worth” was founded on BS.
     
  21. wanye_stirrear

    wanye_stirrear Member+

    Sep 19, 2002
    Maryland
    Maryland.

    I am not paying WaPo’s paywall, but I think I know what the article says.

    Forbes does this every year, and I trust them over most other sources on these types of things.

    Valuation of real estate can be tricky, but if you know anything about NY commercial real estate, you would know that he owns too much outright to not be super rich. It’s really that simple. It’s almost literally impossible.

    https://www.forbes.com/donald-trump/#4d01062e2899
     
  22. DaPrince84

    DaPrince84 Member+

    Aug 22, 2001
    MD
    Club:
    Arsenal FC
    Nat'l Team:
    --other--
    #1297 DaPrince84, Jun 18, 2018
    Last edited: Jun 18, 2018
    Yea dawg, you missed it.

    https://www.cnn.com/2018/04/20/politics/trump-forbes-400-list-cnntv/index.html

    The Forbes reporter talks about how Trump got on the list.

    Trump begged him and then ran some game on him. Trump being on this list the only reason people believe he is worth a lot of money. Do your googles.
     
  23. NorthBank

    NorthBank Member+

    Arsenal; NYRB
    United States
    Mar 29, 2006
    Connecticut
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    Glad my little daymare prompted this interesting discussion about Bozo's net worth.
     
  24. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    I suspect Trump is scarcely solvent - that is why he is mixed up in so many sketchy deals in emerging markets instead of genuine business activity.

    Trump org is essentially a money laundering operation
     
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  25. DaPrince84

    DaPrince84 Member+

    Aug 22, 2001
    MD
    Club:
    Arsenal FC
    Nat'l Team:
    --other--
    He can't get money from US banks and most European banks. Only Deutsche Bank and they basically run criminal money too. And of course those Russian gangsters/oligarchs.
     

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