Arsenal

Simon · Cult Status

Arsenal

Luke_C · Cult Status

And me

Liam · Cult Status

Same plz :)

Football Academy · Cult Status

Arsenal
English Premiership

Manager: -
Stadium Capacity: 26,000
Average Attendance predicted this season: 1,000

Value of club: £2.1 million
Minimum buy out price: £5 million

Bank Balance: £-72.2 million
Bank Loans: £0 million

Notes:
Arsenal have entered administration and are currently trying to sell players to clear this. If funds can't be raised a bank loan will be taken to cover the debt. Bank loans incur lower interest rates than normal Bank Balance debts.

With a negative club value due to the debt owned by the club Arsenal fall under the 'minimum £5 million buy out' ruling which applies to any club with no chairman or who is worth less than £5 million (debt can make clubs worth minus money).

FA will post to allow bidding on the club to begin 3 days after the initial interest was made into the club. Only managers who register interest in those 3 days will be able to bid.

Richard.

Rhino · Cult Status

I would be interested in buying Arsenal.

Chris

Luke_C · Cult Status

edit

-- Edited by Milan on Sunday 18th of April 2010 08:20:19 PM

pricey · Cult Status

don't think you can bid yet luke lol

-- Edited by pricey on Sunday 18th of April 2010 08:17:40 PM

Luke_C · Cult Status

cheers pricey lol

Safehands · Cult Status

I would be interested in buying Arsenal

dirkdiggler · World Class Player

I would be interested in buying Arsenal

Liam · Cult Status

£5m to take over a club in Europe?!

Something is wrong here...

Football Academy · Cult Status

Liam wrote:

£5m to take over a club in Europe?!

Something is wrong here...

The debt of over £70 million has something to do with their tiny club value.

Richard.

Football Academy · Cult Status

Managers from the following clubs can now bid on the club having expressed interest in the opening 3 day period:

AC Milan
Racing Santander
Real Madrid
Real Valladolid
Roma
Sevilla

Bidding must start no lower than £5 million and must increase in increments of £0.5 million.

Due to the circumstances at the club, the current chairman has issued a deadline of 7pm Friday after which no more bids for the club will be accepted.

To bid, simply post the amount in this thread. The amounts must match the stated rules.

Simon · Cult Status

Simon @ RV bids £18.5m

Football Academy · Cult Status

Simon Jenkins has successfully completed the buy out of Arsenal and will be contacted within the week to confirm the hand over.