₦airaland Forum

This is the most hastily thought-out post I have ever seen from Mr Lawyer.

Firstly, Obama never put a date on when he expects to recoup the cash.

Secondly, even if this recession lasts only a couple of years, you cannot expect to recoup investment as soon as the recession is over.

4 Play:
Unless you belong to the Roubini school of thought who think this recession will last a considerable lenght of time.

I do.

4 Play:
So does anybody know how spending $1 today will bring about $1.5 in output within the next few months?

Again, an ill-posed question. Nobody is talking about months here, we are talking about years and maybe a decade or two.

Sweden just announced recently that they have made a profit from the "bad banks" they set up in 1992. So, any bailout or fiscal package will not see full returns for at least 10-15 years.

No need to argue guys. . . its all in the name of fun

One of me old topicals - "The world after nuclear war"


And then there was light! – the light expanded-its-base/
Its radius travelled-in-waves/ till the whole land-was-a-waste/
Then it hit its spectral limit and contracted-with-haste/
rebounding in toward itself as the gamma-decayed/
You could only assess the damage from the vantage-of-space/
By plotting radioactive rays from a satellite-trace/
Even missile defence couldn’t predict-the-flight-path/
And quick-as-light-flash, niggas withered-like-grass/
The wicked-might-laugh/ as the articles-relay…
“The war’s won!”….but how long do particles-decay?/

Its hard-for-me-to-say/ but I woke-wheezing/
nauseous with nose-bleeding/ from the smoke-breathed-in/
cockroaches speeding-past/ feeding on the bleeding-mass/
I’m breathing-ash/ and helium-gas/ released by the blast/
I proceed-to-gasp “where’s my wife?”…as the demons-flash/
finding her would be a really Herculean-task/
I begin-limping/ skipping over niggas with limbs-missing/
then a familiar figure stumbled into my dim-vision/
I recognised her frame in a quick-instant/
She survived! - I cried as we embraced, lips-kissing/

Then I noticed her legs, they bled-profusely/
then I trembled cos the next thing she said-confused-me/
“Take care of our son”….were the last words she mumbled/
and that’s when I heard the baby crying in the rubble!/

kaydee:
[size=18pt]@ Mukina

Give us the Criteria for voting?

[/size]

There is no criteria for judging except your enjoyment of the verse.

It is through these pedantic criteria that battles produce the wrong results (eg: the semi-final  )

BTW, Sauron, how did you get to 7 votes? I hope your groupies for Romance section never show for here to bump up your score. 

Obama is making a big mistake. If one of the ex-Gitmo inmates goes on to commit a terrorist attack, he could lose the next election.

Like someone said, these are prisoners of war, and should not be subjected to police action.

These are not the type of people you try in court and then release into the general population if they are found not guilty.

Anengi,

Idan loku?

anengiyefa:
Yes, Negro joined in, but apart from speaking in parables, he has not told us what he is really trying to say. He never did answer the question put to him by davidylan - How is the confict in Gaza to anyone's economic advantage? People speak high-sounding nonsense without thinking first.

Negro always specialises in theorising why his theories are better than conventional wisdom. He has nothing worthwhile to contribute.

Guys, shebi una don hear the koko

First news: LPS is resisting moves to sell Cudicini, but his contract expires in summer and Chelsea wanna get some cash for him.

Second news: Man City preparing bid for Drogba.

bjpumpin:
@ibime
the banned flowshow told me to tell u that he is doing an audio diss to u, are u man enuff ??or ur chicken like ******

Who the hell is Flowshow?

Yeah, yeah

Mukina, oya stop playing games and post our verses up as the final.

Take ya time.

Oya lets go. . . .


In this final lap/ I spit line after line of rap/ to remind this cat. . .
that I’m so far ahead. . . there should be a sign attached. . . saying "Mind the Gap"!/

I don’t play or pretend/ I disable and dent/ what he’s unable to bend/
He could swap flows with 'tangent'. . . still his lines wouldn’t touch. . . where my 'radius extends'!!/

He’s a cowardly swine/ His rhymes 'generate' hype. . . but lack the power to shine/
In real life, he’d NEVER cross me. . . . like parallel lines!/

I’m not a joke and a laugh/ so stop provoking my wrath/ before I open a scab/
My mic’s like Moseses staff. . . one touch. . . .and he gets opened in half!!/

I spit with snipers precision/ He recycles his writtens/. . most likely they’re bitten/
A google search/ would soon unearth/ . . . a site to convict him!!/

Ya ex stole ya virtue/ You paid her to stay home. . . till my cheque broke the curfew/
Cus I provide the 'main meal'. . .  and let ho’s 'desert' you!!/

Now I make her moan like triple X phone commercials/ Hope our sex won’t disturb you. . .
It might irk you. . . . but how we flex don’t concern you!!!/

My best-flows-usurp-you!/ This was your prior stage/. . . but my rhymes inspire change!/
We’re different levels. . . check ya airline. . .I’m on a higher plane!!/

Ya rhymes still in baby care/ mine develop like facial hair/
Lets make it clear. . . if beef 'escalates'. . . .you’d rather take the stairs!!!/

cus I separate the men from boys. . .like puberty!/ You say what you would do to me/
. . . but you wouldn’t take the chance. . . .if I gave the opportunity!!!/

You live on the net, you sicko!/ Lets ban his account and X his info/
Make Seun close the door. . . and force him to exit Windows!!!/

No need for demeaning him further/ This is a griev-i-ous murder/
If you think he won. . . I put 'maggi' in your eye. . . cus you’re not a 'seasoned' observer!!!/

I will go first only if you agree to drop tonight. My bars are already ready.

That Cudicini transfer is not confirmed yet.

BBC are still reporting it under their 'rumours' page.

If it is true, it is bad news.

Chei!

See scandal!!!

Now, I'm sure that Chamo and Mailmalc been giving the judges kickbacks. Judges should be disbanded and sacked like Roman Calderon! 


******singing "We no go gree o, we no go gree!"**********


Sauron, I'm ready to drop tonight if you are. Our match will be 24 lines instead of 16. Lets give Nairaland a REAL final to enjoy.

chei!. . . . this guy is really sick. He should quit for his health sake.

This guy is nothing but a conspiracy theorist.

Make one prediction this week, next week it falls flat.

Thats what happens when you claim to be 'ahead' of the news.

Shepherd indeed!

Dyabs, I never check that fantasy league since 19 kporodim. . . . but I am not surprised Im back on top. . . shebi I told you your reign on top would be short like leprechauns?

Wetin Sauron won do with Chelsea stuffs?

Ako, if you send me the Chelsea stuffs, I will send him the Maradona and fat Ronaldo biography instead.

Freestyle from Trybesmen and Mode9 are the only Naija rappers worth listening to. All the rest are garbage.

debosky:
I can see you dancing atilogwu steps now that Scolari has confirmed DD is unfit.

No be unfit wey Scolari talk, na 'lack of stamina' abi na Type 1 fibre

@ Judges,

Abeg make una drop una vote so we can wrap this tourney up by Saturday.

Mustay:
'He is training very well. He starts to build again his condition very well, not only his fitness but technical also. It is only a choice by me for the moment for these two games.'

GBAM!

Mustay:
Scolari insisted nothing out of the ordinary should be read into recent squad selections.

GBAM!

Mustay:
He doesn't have a problem with me and with the club.

GBAM!


Shebi, I said Drogba's dropping was tactical?

So this guy is still crying over spilt milk?

Sauron got it locked down?

HELL NAW!!

I'm sure lalaboi was referring to moi.

FBS:
What I don't like is that RA does not come to the matches anymore (like he used to anyway). Yes he may have other important matters but that is not a good sign.

No need to panic. . . . I believe he was at the Stoke game but left after 75 minutes. . . . Roman loves Chelsea, no be say story. . . . it would take a big financial disaster for him to sell Chelsea.

We have to keep Mancienne. . . .

Ako, you can watch that BBC link again.

Let me paraphrase LPS statements:

"If Drogba arrives at a good physical level, he has a chance for the future"

OK. . . . managers say that all the time.

"If Drogba arrives at a good technical level, he has a chance. . . . ,  "

When was the last time you heard a manager say that about a 30 year old player?

Working on technique is something you say about 20 year old players.



In other quotes:

"I have no problem with Drogba. Whether he plays or not is my decision."

i.e a tactical decision, not a disciplinary one.

Thats why I said that I don't think Scolari is too much worried about the disciplinary side of things, he is more worried about the tactical or technical side of things.

Like I said, I don't believe he thinks Drogba can play in his system.

This is not a critique of Drogba.

We all know he prefers a more physical, aggressive style of play to a tippy-tappy style of play.

That is why I said I am not criticising Drogba.

Simply, Scolari does not know how to coach his style of football and Drogba should not be forced to play Scolari style of football.

And that means a parting of ways. Either we sack Scolari or sell Drogba, depending on which is more financially viable for us and with an eye on the long term.

Chelsea FC are an unreliable source of info. Like Debosky said, I would take anything coming out of Chelsea with a pinch of salt. Again, that doesn't mean we know the full story because none of us are present in all this. It is not today that Chelsea FC have launched writs against The Times and several other Newspapers. According to the same Chelseafc.com, Jose Mourinho left by 'mutual consent'. Infact, I always trust The Times more than Chelseafc.com. Look back at the Scolari saga during the Euro's to find out how many times Chelsea spread disinformation through the website.

Just look at the happenings at Cobham, and you will know spending is frozen at Chelsea. Whether that means RA is struggling with liquidity problems, no one really knows. . . . but it is  a strong possibility.

Besides, I am not interested in or supporting The Times article. . . . it could be facetious. . . .but the point there that interests me is: "City experts are estimating that RA might have short-term liquidity problems"

Akolawole:
@Ibi

When did you posted that DD feud with JM?

Akola,

You shall remember a few months ago, when I asserted that Drogba has said he wants to leave the club many times and you and Somze called me liar and asked me for links. . . . one of the links I provided was the dentist incident. . . .

Nateevs, na you biko. Your comprehension of the situation is spot on. I had the feeling this was the case, but The Times article today confirmed it for me, as well as the recent goings-on at Cobham.

However, this could never work for me:

nateevs:
The option I was thinking about would have worked but only if Chelsea was a profit making venture. . . Roman could loan money against the clubs assets. . but the more important question is not asset but how we intend to pay back the loan.

because our assets are already leveraged against the £700m Roman lent us and and any collaterised debt obligation will make our debts external and you know where that leads (Leeds). Thats like turning a soft loan into a hard loan and exchanging a friendly creditor (Roman) for an unfriendly one (The Bank). I'd rather he sell the club than do that. Anyway, with interest rates what they are, this is the wrong time, when he could just as easily sell Chelsea to raise the cash to keep himself afloat.

@ OP,

Just saw this thread.

Now this is what I call democracy.

Fashola is something serious.

Somze,

If we remember correctly, when Bridge signed his 4-year contract during the Euro's, it was said that it was on Scolari's recommendation.

http://www.telegraph.co.uk/sport/football/leagues/premierleague/chelsea/2390952/Wayne-Bridge-signs-new-Chelsea-contract.html

Bridge did not dissapoint at any stage during Scolari's reign so there is no need to sell him except for financial pressure.

Despite all the financial problems we have, you still find fault in the sale of Bridge for £12m? Just last summer, he was linked with £5m moves to various clubs.

Even if we didn't have financial problems, £12m is a very good price, regardless of who sold him.

BTW, do you know how much Bridge was earning? Shebi they said it was 80 per week? .

It is important for Chelsea fans to be patient these days. Things are not how they used to be.

nateevs:
Having said that, I will think there should be ways around raising cash than selling off. The reason I say this is Roman has reached a stage where he sees the reason to run this profitably, I will prefer the club under Roman post-credit crunch than some Arab who will think of buying Kaka for £100,00 and paying astronomical wages. I do wish Roman well.

I would also prefer Roman to stay simply because he has had five years experience of running the club and should have learnt from his mistakes by now. If we get some Arab dude, it will just be another 5 years of mistakes after another, just like the mistakes Man City are making now. Besides, I don't think RA will find a willing buyer.

However I don't think there are many other ways of raising cash for Roman.

He will not sell his securities or properties over the next three years, otherwise he will be making heavy losses on them as they will be sold for less that he bought them. He will naturally wait for them to recover and looking at the economic situation, it will take no less than three years just for him to be in positive equity again.

He might even be thinking of buying more shares as it is always best to buy at the very bottom, like we are now.

Let us use some motor park reasoning and imagine that Roman has £500m in liquid cash (quite realistic assumption) and the rest of his money is in properties and securities.

I would assume that his regular cash flow comes from share dividends in normal years. No longer will that be the case, in the short-to-medium term at least. Therefore he has to survive on this £500m for the next three years at least.

He has a cash commitment of £200m towards Pelarus. At best he has only paid half of that. That leaves him with only £300m or £400m free cash flow for the next three years.

He has to eat, live, pay for security, make political and charitable donations, maintain all his properties, yachts and cars with that £300m for the next three years, pay his various insurances (tens of millions), not to mention his personal staff and lawyers etc.

His security expenses alone could cripple the average multi-millionaire. We are talking surface-to-air missiles on his yacht and the like. When he went to the Wellington Hospital for treatment, for example, his security operatives had to go and comb the whole building for 3 hours before he arrived.

On top of that, he is fighting a £2bn court case against Berezovsky at the moment, which he could easily lose.

Out of this, he still has to find (£70m x 3) = £210m over the next three years to service Chelsea. This is simply unworkable.

Chelsea will either have to be self-financing or he will sell it, just like you would sell your car to meet a £5,000 debt, although your house may be worth $300,000. In this case, Chelsea is the car, the most expendable; and the loss-making asset. I am sure RA has told Kenyon he doesn't want to pay a penny toward Chelsea for the next three years.

Thats why we are not talking about a replacement for Bridge.

That is why Scolari says that Kenyon has told him that he will have to work with the likes of Miroslav Stoch and Gael Kakuta over the medium-to-long term.

Thats why 15 scouts were sacked. Thats why the players now have to pay for their own meals. Thats why they now only get 4 concessionary tickets per game now and they have to pay for any extra tickets.

Thats why Mikel, Drogba and Cole's contract talks are shelved till the summer, despite the fact that they only have 18 months on their contract.

Chelsea are prepared to take the risk of losing them on a free, rather than making any further expenditure commitments. The aim is to get Chelsea operating at a profit, even if that means losing players for cheap or for free.

Thats why it will only take a failure of cataclysmic proportions for Scolari to get the bullet.

If Man City make that much-rumoured bid for JT, he will be sold, no be say story.

We are now in a transitionary period just like Man Utd were in 2004 and just like Arsenal have been since they built Emirates. As Akola said, it is time to build a lasting club on sound business principles.

Somze, no need to get defensive. I wasnt even criticising Drogba and this man is throwing tantrums.

Im sorry I dont have reference for ya unless you want me to copy and paste from the TV.

Anyway, what I was saying was this:

Simply, you cannot force Scolari to coach a style he isn't used to, just to accomodate Drogba.

Similarly you cannot force Drogba to play a style of play which he is not used to.

Anyway, Im off to church. I no get time for Chelsea evil spirits.



Until then, digest this:

This is from The Business section of The Times, not The Sport section.

Just like I told Nateevs and Debo, Abramovic does not have free cash flow. Now City experts are speculating that he lacks the liquidity to keep the club going. All his illiquid wealth is inconvertible over the short term.


http://www.timesonline.co.uk/tol/sport/football/premier_league/chelsea/article5537222.ece


[size=14pt][center]Abramovich wants to sell Chelsea[/center][/size]
[center]John Waples, Business Editor[/center]


ROMAN Abramovich, the Russian billionaire, has been taking soundings over selling Chelsea football club to Gulf Arabs.

Representatives of the oligarch have travelled to Saudi Arabia and Dubai to elicit interest in the club, Gulf sources have told The Sunday Times.

At least one of the meetings was with members of the Saudi royal family. There has been no evidence so far of a potential buyer.

The Middle East has become the cash cow for British football teams. Sheikh Mansour of Abu Dhabi, the owner of Manchester City, hopes to sign the Brazilian star Kaka from AC Milan in a deal that could cost up to £243m in payments and salary.

One source said: “Abramovich’s team have been out in the Middle East sounding out what interest there is in buying the club.” Chelsea insisted last night that Abramovich was still fully committed to the club on which he has lavished hundreds of millions of pounds. A Chelsea spokesman said it was “total nonsense” that the Russian was willing to sell the club.

He bought Chelsea for about £60m in 2003, taking over £80m in debts, and has since provided at least £500m in loans to buy new players. Sources say that if Abramovich can recoup his money, he might now be ready to sell after five years in which he turned Chelsea into a Champions League side that has twice won the English Premier League.

Chelsea reached their first Champions League final last season and Abramovich watched as they were beaten in a penalty shoot-out by Manchester United in Moscow in May. He was absent from last weekend’s 3-0 defeat by United, which many feel will pave the way for Chelsea’s rivals to win the Premier League for a third successive year.

Yesterday he left his seat at Stamford Bridge with 15 minutes of the game remaining with Chelsea losing 1-0 at home to lowly Stoke. It took two late goals to secure victory.

City sources believe it would cost at least £800m to buy out Abramovich when the “going rate” for a Champions League side is about £500m. Mansour was able to snap up Manchester City for about £200m.

Abramovich’s wealth has fallen sharply in the down-turn. Philip Beresford, who compiles The Sunday Times Rich List, conservatively estimates that Abramovich has lost £3 billion from his £11.7 billion fortune.

City experts question whether he may have a short-term problem with liquidity and needs cash. Some of Chelsea’s superstars are paid £120,000 a week.

somze:
your hatred for Drogba has so beclouded your "objectivity" that you see Drogba in every evil. Brigde was chased away by Scolari too but you wouldn't think out of the Drogba box will you?

The ironic statement of the year.

You are talking about objectivity and thinking out the box, yet you believe Bridge was being persecuted by LPS.

City experts question whether he may have a short-term problem with liquidity and needs cash.

Despite the highlighted, deluded Somze believes Bridge was 'chased out' of SB.

Firstly 12m is a good transfer for us. It makes sense both financially and otherwise.

All I know is that the 12m we received from Bridge may keep us afloat and liquid.

The decision not to buy a replacement is a financial one. No manager is going to leave himself with only one fit leftback unless he is playing with fire.