Fussball Musings
  • Home
  • Blog
  • Hertha Podcast
  • Hertha Gallery
  • Visiting the Olympiastadion Berlin
  • Other Media
  • Fußball Terms
  • Contact

Club Finances

11/26/2012

0 Comments

 
So many clubs, perhaps especially in England, live on a knife edge with there finances.  Huge transfer bills, massive wage bills and crazy amounts paid to let coaches / managers go where they are perceived to be not performing quite well enough.

In Germany the levels of debt are comparatively low and fan ownership more common.  In England we have massive debts with big business after the lucrative worldwide merchandising money.  In the case of Chelsea a billionaire owner who clearly loves his football but has frankly, bizarre style in running the club.  I guess he has rights as he has pumped hundreds of millions into the club - £50,000,000 (62,000,000€) for Torres alone even if some of the purchases he has made have not gone well.

On the downside the fans are totally ignored a fact that has been amply demonstrated by the sacking of RDM and his job being given to the fat controller (Rafa Benitez) who the fans clearly hate and don't mind singing so from the stands.  

Hertha announced in their members meeting on Monday that their debt has risen from 37 to 42,000,000€ and Hertha do not have a rich "sugar daddy" like Roman Abramovich,  One could argue thank god!  

Personally I don't like the idea of debt and don't see that as a way of spending our way out of trouble.  I'm not sure why we bought all of the players we did in the summer.  At least one more defender would have been handy rather than a whole raft of Strikers.  Having said all of this Luhukay has done a remarkable job forging a team this season.  I'm not sure what we're going to do to reduce the debt - hold our breath until we're back in the Bundesliga with crowds of 60-70,000 in the Olympiastadion!

There was talk in the press about having to sell Adrian Ramos in the winter break to balance the books but I gather Michael Preetz says they don't want to do this and nor do they need to.  Unless someone makes an offer in the Winter break that suits everyone he will be staying put. Personally I can't see a major offer happening as they weren't exactly queuing up to buy him in the summer.  I hope he does stay, we could do with him in the squad in the Rückrunde.
 
 
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Picture

    Archives

    March 2022
    February 2021
    November 2019
    October 2018
    August 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012

    Categories

    All
    Chelsea
    Hertha
    Hertha U23
    Olympiastadion
    Other
    Schenckendorffplatz
    Wembley

    RSS Feed

Proudly powered by Weebly