5/18/03: REM

Discussion in 'MLS: News & Analysis' started by jmeissen0, May 18, 2003.

  1. jmeissen0

    jmeissen0 New Member

    Mar 31, 2001
    page 1078
  2. purojogo

    purojogo Member

    Sep 23, 2001
    US/Peru home
    Club:
    New York Red Bulls
    Nat'l Team:
    United States
    "
    $550 million: The estimated debt being carried by teams in the top two divisions in Germany.

    $1.84 billion: The estimated debt being carried by first- and second-division teams in Spain"

    These numbers should really put MLS financial struggles in perspective (even if unlike these leagues, we cannot ask the government to bail us out)....
     
  3. striker

    striker Member+

    Aug 4, 1999
    Re: Re: 5/18/03: REM

    Yes and no. For example, selling Real Madrid will bring in enough money to wipe out half of the estimated debt in Spain, whereas there is hardly a market for MLS teams.
     
  4. Wizardscharter

    Wizardscharter New Member

    Jul 25, 2001
    Blue Springs, MO
    What a dumb example. Just because two numbers esixt does not mean they can or will cancel each other.

    1)Putting aside the issues of RM's actual worth, debts, and at what price RM in fact could be sold: the proceeds (assuming there are any) of the sale would not go to the league.
    2)Suppose utopia existed and #1 happened, that in no way solves the real problem of teams spending beyond their means. Net effect is that the same problem will exist in the future.
    3)FIFA will not allow deflation in football, it costs them too much money. The pot of gold for the largest teams will continue to increase. Teams will continue to mortgage the future to reach for the pot. Fans will continue to be raped of public money for stadia and have to pay continually higher cable rates, PPV fees, and ticket prices to support the whole thing. Unfortunately, it has been proven that we will pay...grudgingly, but the option is no football. Net effect is the only winners are the highest paid players and the brass everywhere collecting the fees for everything.

    None of this is news, it's just Corporate football.
     
  5. purojogo

    purojogo Member

    Sep 23, 2001
    US/Peru home
    Club:
    New York Red Bulls
    Nat'l Team:
    United States
    Re: Re: Re: 5/18/03: REM

    Football is a source of pride (to all citizens) in places like Spain and Germany....According to a report i saw on CNN (CNN en espanol of course), they said all clubs in Spain are asking the gvt. to help them reach financial stability...No clubs would have to be sold (not that any team's fans would allow this in the first place)....IIRC Real owes about 100 million of the 1.8 billion debt
     
  6. FootyMundo

    FootyMundo New Member

    Mar 1, 2001
    Minneapolis
    The part about teams spending beyond their means is the only line you have to read in this thread. Look at MLB as another example. 27 of 30 teams last year lost $$$.
     

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