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Post by FranktheRabbit on Jan 7, 2021 15:51:43 GMT
They're not the only ones apparently, according to my mate who is an Arsenal fan, Spurs have also taken it.
Despicable if you ask me. There is enough money in football without using ours. The only money that should go into a club from the taxpayer is what they decide to put in themselves.
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Post by thehartshillbadger on Jan 7, 2021 15:53:05 GMT
Wankers
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Post by spitthedog on Jan 7, 2021 15:56:43 GMT
Horrific!!!......Aaaargghh!
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Post by cerebralstokie on Jan 7, 2021 15:59:43 GMT
Unto him that hath shall be given, even in great abundance. From him that have not shall be taken away even that which he hath. There shall be weeping and gnashing of teeth. (Something like that anyway). Applies in all walks of life - the rich get richer and the poor get poorer.
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Post by xchpotter on Jan 7, 2021 16:06:22 GMT
If it’s on offer, people take it unfortunately.
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Post by shrewspotter on Jan 7, 2021 16:07:36 GMT
Wonder how that works with FFP
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Post by telfordstokie on Jan 7, 2021 16:08:18 GMT
Yet they could afford to give Aubameyang a new £250k a week contract a couple of months ago. Pisstake.
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Post by Pirate on Jan 7, 2021 16:11:02 GMT
Wont be signing anyone this window i assume as they are in such a precarious financial state?
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Post by FranktheRabbit on Jan 7, 2021 16:12:20 GMT
Wonder how that works with FFP Isn't applicable in the Prem I don't think? Edit: Plus, they are told it is specifically NOT to be used for transfers... |
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Post by northernstokie on Jan 7, 2021 16:17:03 GMT
Should have a transfer ban for taking it. Cant say they have no money then spend millions on players
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Post by wherty on Jan 7, 2021 16:30:17 GMT
Yet Macclesfield Town went bust with debts of 500k..
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Post by thehartshillbadger on Jan 7, 2021 16:35:31 GMT
The mind boggles with stories like this, no wonder people are getting turned off by premier league football.
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Post by CalgaryPotter on Jan 7, 2021 16:37:55 GMT
It's a loan and will have repayment terms. But for the fact that this is a Premier League team that we dislike would we give a shit?
All football clubs have been impacted, I just hope the lower league teams are able to access this type of Govt support.
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Post by essexstokey on Jan 7, 2021 16:41:31 GMT
Discusting what should happen now is until that is repaid they are not allowed to sign any new players
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Post by stiggerstackle on Jan 7, 2021 16:46:13 GMT
It's a loan and will have repayment terms. But for the fact that this is a Premier League team that we dislike would we give a shit? All football clubs have been impacted, I just hope the lower league teams are able to access this type of Govt support. It's not the fact that it's The Arse specifically for me, it's the fact that it's a rich club that has recently been throwing money around like confetti on new player contracts. The taxpayer should not be supporting that. The only way on earth this could possibly be legitimised is if it is offered to all league clubs as per the Macclesfield example quoted above. |
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Post by numpty40 on Jan 7, 2021 16:50:20 GMT
They really are a fucking horrible club.
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Post by followyoudown on Jan 7, 2021 16:52:16 GMT
It's a loan and will have repayment terms. But for the fact that this is a Premier League team that we dislike would we give a shit? All football clubs have been impacted, I just hope the lower league teams are able to access this type of Govt support. Yep has to be repaid by May so probably no good for the efl, Tottenham have had one since last year. No love for arsenal but every fanless home game probably costing them £5m+ a home game, there is not enough money in football to cover that, players still have to be paid.... |
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Post by northernstokie on Jan 7, 2021 16:52:17 GMT
It's a loan and will have repayment terms. But for the fact that this is a Premier League team that we dislike would we give a shit? All football clubs have been impacted, I just hope the lower league teams are able to access this type of Govt support. It's not the fact that it's The Arse specifically for me, it's the fact that it's a rich club that has recently been throwing money around like confetti on new player contracts. The taxpayer should not be supporting that. The only way on earth this could possibly be legitimised is if it is offered to all league clubs as per the Macclesfield example quoted above. Didnt they also sack their mascot claiming they had no money then went and spend 40odd million on a midfielder |
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Post by CalgaryPotter on Jan 7, 2021 17:07:04 GMT
It's a loan and will have repayment terms. But for the fact that this is a Premier League team that we dislike would we give a shit? All football clubs have been impacted, I just hope the lower league teams are able to access this type of Govt support. Yep has to be repaid by May so probably no good for the efl, Tottenham have had one since last year. No love for arsenal but every fanless home game probably costing them £5m+ a home game, there is not enough money in football to cover that, players still have to be paid.... God willing, by May they could be in the EFL  |
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Post by cokecystfit on Jan 7, 2021 17:15:01 GMT
Hang on. Is it even taxpayer's money? It's more likely to be a loan guaranteed by the governmwnt should they fail to repay, which they won't.
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Post by theglove on Jan 7, 2021 17:40:26 GMT
That's how wealth transfer works mate - those that don't need it take it from those that do.
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Post by cokecystfit on Jan 7, 2021 17:54:52 GMT
It was never going to be allocated to those that need it. It was lent to a company that would pay it back and I don't blame Arsenal for getting a loan with low interest.
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Post by mrcoke on Jan 7, 2021 17:55:24 GMT
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Post by FranktheRabbit on Jan 7, 2021 18:04:11 GMT
It was never going to be allocated to those that need it. It was lent to a company that would pay it back and I don't blame Arsenal for getting a loan with low interest. But what excuse is that? Surely smaller more realistic loans with low interest re-payments could have been distributed to lower league clubs that are in trouble? |
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Post by cokecystfit on Jan 7, 2021 18:51:18 GMT
It was never going to be allocated to those that need it. It was lent to a company that would pay it back and I don't blame Arsenal for getting a loan with low interest. But what excuse is that? Surely smaller more realistic loans with low interest re-payments could have been distributed to lower league clubs that are in trouble? That would be better for football but financially riskier to the government. I'm not defending the government. The money was made available because there's profit in it for the bank. |
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Post by FranktheRabbit on Jan 7, 2021 19:22:53 GMT
But what excuse is that? Surely smaller more realistic loans with low interest re-payments could have been distributed to lower league clubs that are in trouble? That would be better for football but financially riskier to the government. I'm not defending the government. The money was made available because there's profit in it for the bank. I know mate, sorry, I wasn't intentionally directing it at you. I just don't understand how they can't make these kinds of loans available to lower leagues. If it's a loan, there will be interest, so regardless of the amount, no matter how small, they will make profit. I'm sure a suitable loan system can be worked out which is fair for all leagues, not just the Prem. To me there is no excuse, and clubs like Arsenal with Billionaire owners should be ashamed for taking them. If we were in the Prem and Coates took one I'd be embarrassed. I get that I am pissing in the wind, just ranting. |
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Post by cokecystfit on Jan 7, 2021 19:30:52 GMT
No worries, I just had to check on the government thing because I hate them more than I'll ever hate Arsenal.
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Post by dexta on Jan 7, 2021 19:40:37 GMT
That football club is just shit from top to bottom... Utter wankers
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Post by dave1 on Jan 7, 2021 19:42:58 GMT
That football club is just shit from top to bottom... Utter wankers Spot on |
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Post by kentpotter on Jan 7, 2021 20:06:10 GMT
They really are a fucking horrible club. Not the slightest bit surprised about the ArseScum, disappointed Spuds have done it? Just shows how much these clubs spend on accountants and legal teams! |
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