₦airaland Forum

The light.

hmmmmm. . . . Razorr try well well. . . . .I prefer the new hairstyle but the oversized shirts ain't doing no justice to the chesticles.


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Wetin concern Razorr concern Rugby Sevens? . All these kind sport no suppose dey Olympics sef. Anyway, I dey check am now, dem dey on commercial break but the caption says Gulder Ultimate Search.

Which sport she been dey commentate on? I hope football oh, not equestrianism.

Wetin dey worry NTA for UK. Dem no dey show the same thing wey una dey witness for Naija. Me sef, I want see Razorr in action.

Texcee:
They still have rich deposits of bitumen untapped in Ondo state. Ondo state also currently produces about 6% of Nigeria's oil, so that's over $100 million dollars per month.

lol. . . . do you think that if Nigeria was to divide, that the countries would be cut across current state lines. . . . you better believe that if Nigeria fragmented, we Ijaws will be taking our brothers in Ondo State with us. . . . lol. . . .abeg do your fiscal budgeting again, let us see what you are left with after fragmentation.  

We will even let the Ibos take the unproductive Igboid parts of Rivers State since they like to claim Rivers State so much. 

OK. . . . now you have made yourself clearer. . . .

No need for the long lecture on fundamental analysis. This is my profession.

One question though:

Would Man Utd be able to service their debt capably without trophies or long runs in the Champions League?. . . . cos Chelsea don't have that problem.

Hannibal:
Anyone who reads company accounts and focuses on debt is an amateur. You look at cashflow indicators because cash is king and you look at the operating profit and related ratios and indices to see if the company is well run.
If you are thinking of buying the company you'd look at revenue per share, gearing, etc.

Gearing IS debt - or rather the relationship between debt and equity. There you go contradicting yourself again.

You want to school me on Fundamental analyis? You never start. Lemme say no more. Maybe you should do some background research first.

Look, everyone knows Utd is doing well at the turnstiles, prize money etc. Any debate on that is a non starter. It is in the public domain. That is why I never veered the debate toward income statements. But if you are comparing Chelsea to Utd's finances using balance sheets and income statements, then you don't know what is happening. Chelsea is Abramovic. At best, you can only estimate that there is a risk of foreclosure if Abramovic calls in debts but that risk is intangible and you cannot hold any debate on intangible variables. As I told you before, Chelsea debts are a smokescreen. They don't exist. It is a usual practice employed in business.   

Get back to football.

Hannibal:
How can i be finished with the finance debate. . . . .

That is your problem. You don't know when a debate is finished until it descends into mud slinging. Finance is my game. . . . even if Chelsea financial situation is 50 times worse than Utd's, you cannot win the debate.

Hannibal:
Firstly, there are conflicting reports that Roman actually took out loans worth 600 million to finance his spending.

Link please.

Even if true, Chelsea is not the collateral for his loan. 

Hannibal:
Chelsea's debt stands at 736 million pounds as we speak. . . . .I don't want to believe the sly Peter Kenyon saying there are no external debts.

Whether you want to believe or not, that is your headache. There are no EXTERNAL debts. Therefore we are liable to no one but Roman - who is liable to no one. Glazer is liable to JP Morgan and Man Utd is the collateral backing the loan. Chelsea is not listed as anyone's collateral except Romans.

Hannibal:
Should Roman wants his loans back. . . . .You have about 18 months to pay it.

FYI, Man Utd owe money to the Glazers as well. Glazers borrowed money from JP Morgan and lent it to Man Utd. Should either party call in it's debts, Man Utd are the ones who will take the fall.

Roman has cleared our external debt. Man Utd owe hundreds of millions in external credit. Like I said, Chelsea's debt to Roman could be for tax reasons. If Roman makes the loan a donation to Chelsea, then Chelsea would have to pay taxes on any profit. As long as the loan stays on Chelsea balance sheets as an expense, then Chelsea make no profits and pay less tax.

If not, it could be Roman's method of asserting control. You know how these Russians operate. 


Lemme help you small:

Should Roman want his money back, you can draw a parallel with the former owner of Darlington, George Reynolds.

Oya, google that one, then you might have a stronger case.

Hannibal:
Back to Chelsea, You guys have the highest wage bill in the whole of Europe and finished trophyless last season.
Granted, all your debts are interest free loans from Roman but what if Roman suffers an untimely death??
Is Chelsea big enough to service their loans with their 42,000 capacity stadium and less than 1 million fans worldwide??

Maybe you have read Roman's Will - if not, how do you know that all Chelsea debts will not be wiped off upon his death - or that ownership of Chelsea will not pass on to one of his sons? Who will Roman hold liable for Chelsea's debts if they default? Peter Kenyon? 

Look, a man is allowed to give loans to his own company. For the simple reason that Corporation tax is higher than Income tax. It is better for Roman that Chelsea does not have to make money, than that Chelsea give all their profits to The Queen. Both monies are coming from the same pocket. Chelsea is not liable to anyone, Man Utd are.

Are you finished with this finance debate yet?

Jackal, FYI, Chelsea fan club own the pitch at Stamford Bridge. What do Utd fans own? - FC United 

Not only do we own the pitch, we also own the name. Therefore, if Abramovich mess up, we still get to keep the name Chelsea unlike Utd fans who had to start a new club with the name FC United and Wimbledon fans who had to use the name AFC Wimbledon.

Even now, we are trying to buy Stamford Bridge from Abramovich. Those West-Londoners are some smart mothaphockas.

http://www.chelseafc.com/page/StamfordBridge/0,,10268~913496,00.html

Hannibal:
United is big enough to cope with their debt while Chelsea is not. . . Matter of fact, u havent made any profit since Roman took over.
The Glazers generate huge revenue and have a bigger stadium with 99% seat utilisation every matchday. . . . . .
Deloitte ranked United above the comfort level for effective cost management. Wages/Turnover ratio is very HEALTHY.
Hell. . . . If Mike Adenuga owes a bank 1 billion Naira and Ibime owes a bank 100,000 naira. . . .We all know u would have more sleepless nights.

Roman is different from Chelsea FC. . . . Everyone with more than 2 brain cells should know that but i doubt urs is up to two.

Are the Glazers liable for Man Utd debts? Yes! If Glazers default on their debt, then Man Utd will be owned by JP Morgan (who will sell Ronaldo and Rooney to Thaksin Shinawatra  ). You better pray that this credit crunch subsides soon. Ben Bernanke foresees another 18 months to 3 years of this quagmire.

Chelsea are also liable for Chelsea debts. . . . but our debts are interest free loans from Mr Abramovic. If we default on our debt, what is he going to do? Seize his own club? We have no creditors but our owner. Worst case scenario is that he will sell the club, not strip its assets. It is a tax thing. Don't worry about it.

How much is N100,000 in £'s? £400?

Jackal, you should be able to tell a joke from reality. You need to worry about the higher cost of borrowing as a result of the credit crunch. Nothing to do with properties. Glazers took out a variable loan which tracks above the LIBOR (London Inter-bank Offer rate). Since the LIBOR rate keeps increasing in the current financial climate, Man Utd's debts keep increasing. Meanwhile, Abramovic is involved with oil industry which is growing at the moment. Therefore Chelsea finances are none of your problem.

dyabman:
After a successful pre-season which saw us score many goals and beat AC Milan 5-0, do Chelsea fans think that we actually have enough quality in the squad as it is?

Really, I haven't seen any pre-season matches so I can't tell. I heard that Milan did not put out such a strong side. Glad to see some improvement in Anelka. Drogba has also pledged his future so we are cool for strikers. Like Somze said some while back, the wingers are the only unresolved issue at Chelsea. I heard Roma may be holding talks with Malouda soon but it all depends on Robinho coming. Stilling missing Maka . . . .   . Yet to be convinced that the others can take his place, but like Nateevs said, Scolari may change the way we play our defensive midfielder. To be honest, I don't know what to expect from Scolari. He changes formation like the weather, from Gremio to Brazil to Portugal, he always used different formations. If we are going to play our usual 4-3-3, I would say our squad is not ready. . . . but Scolari may have some other formation in mind.

dyabman:
I'm not saying that Robinho wouldn't be a welcome signing. But if we don't sign him then do we already have enough quality in the squad to mount a serious assault on the Premiership/Champions League?

In Kalou we have an ever-improving player who gets better every season. Kalou has the abitlity to get past players and is now starting to really fulfill his potential.

Robinho is necessary. I cannot afford to watch Chelsea go through another season relying on Malouda and SWP.

Kalou is improving in confidence. He said that he has never looked forward to a season like he is doing at the moment. I believe Big Phil has some plans for Kalou this season.

dyabman:
In Scott Sinclair we have one of the best young wingers in the country and if given a proper run Sinclair could potentially become a very important player for Chelsea.

Scott Sinclair is going on loan to Crystal Palace or QPR when Kalou comes back from Olympics.

dyabman:
With the predictable news of Ronaldo staying at Man Utd and Wesley Sneider's long term injury, how likely is it that Real Madrid will sell Robniho anyway?

You never know. . . . Robinho may force the transfer himself because they don't want to give him a new contract. Remember, the same thing happened with Makalele when Real refused to give him more that £20,000/week and also refused to sell him. He forced the transfer to Chelsea, although we had to pay an extra high price.

Hannibal:
@ Ibime,

Mr Intelligent. . . . . . .Lets discuss Chelsea's finances in relation to Man Utd-Arsenal-Liverpool and see how much u know about your darling club.
If u really know about Chelsea like u claim. . . . . .Lemme stick a pin in your credibility balloon and letz see if u won't fade off this forum for good.

Listen to dyabman for real, he is right. Fade off Niaraland? Na your papa own cyberspace? If you no take time, you will still be here in your 30's claiming ownership of Sports and Romance section like some of your esteemed fellows. . Chelsea finances is none of your concern. Mr Abramovic got this. You need to worry about how Credit Crunch is affecting the Glazers. No wonder you are prostituting yourselves all over Africa, to the point that Wayne Rooney is catching HIV with Abuja prostitutes. . I guess y'all will do anything to pay the bills.

Dr Kitaun:
u and I know only a few of us here can ever talk so confidently of Malik, Adeyemi, Collins Ebitimi or even Oloyede Ibime had not started watching footie then

Old age na im dey worry you. I am glad you were around in 80's - much respect. No seriously. That is why I never argue with una reach that side.

Leave the new stuff to the younger boys. Only them can talk confidently about the happenings in Alaves and Nantes in the 90's.

dayokanu:
Which follower of German football does not know that nickname for our dressing room antics whe Players fight in clubs and in dressing room

Abi oh. . . . old news is no news. . . .


Dr Kit. . . as I found you, so I will leave you - I always ignored you. My European knowledge is strong from 1996 - but I was watching Euro footie since you had black and white TV, only that I was watching in foreign languages. . . anyone remember Canal + in the early 90's, when cable was reigning? That was where real officionados got their knowledge from.  If not that, then Complete Football.

Damn. . . . bad news. . . . God rest his doggone soul.

Jackal - when you are done with the insults, lets get back to football. It is funny how guys can trade insults for 3 pages straight but when a proper football debate is to be had, they rather concentrate on exchanging insults. . . . if not that I have agidi, I will not engage you in trivial insults.

Ako, you asked me to hold some debate so you can test if I had any knowledge (apart from dissing Mourinho). . . . well, me and Dayo were talking football and you refused to jump in. You'd rather concentrate on trivial dissing. It is a pattern I have noticed with you.


As Rikky said:

rikkyjen:
Its been eons of years the Chavs thread had a footie analysis like the one you and Dayo were spurting out there.

Get back to the football.

Akolawole:
Challenge you!

Do you think they have your time?

Maybe not Dr Kit. . . . but Jackal has a lotta time on his hands as evidenced on Nairaland.



Look at how much your 'question' is on the national agenda. It is a part of pop culture.


http://www.prnewswire.co.uk/cgi/news/release?id=113841


The top ten smile moments of 2003 were:

1) Jonny Willkinson's World Cup winning last minute drop goal
against Australia
2) Dirty Den's return to Eastenders
3) David Blaine being pelted with eggs in his box
4) Sophie Wessex being reunited with her baby after the traumatic
birth
5) Sir Alex Ferguson kicking a football boot at David Beckham
6) Major Charles Ingram being revealed as a cheat on Who Wants to
be a Millionaire
7) Comical Ali announcing Iraq's imminent victory
Aaron Barschak gate-crashing Prince William's 21st birthday
party
9) Possiblity of Lord Archer being stripped of his peerage
10) Madonna and Britney snogging at the MTV awards

Dr Kit/ Jackal. I see that you both refused to take up my challenge. . . . . had to wait till I went to sleep to chook head again? . . . . . .well, nothing more to say then. Either put up or shut up.

Akolawole:
Is "If you remember" & "i hope you know" questions?

What is wrong with views from Nigeria?

Stop twisting the story into a Nigeria vs England thing. . . . .I made it perfectly clear that the questions you asked are questions covered in every newspaper/magazine/TV/Talk Show. . . . therefore, anyone living in England does not have to be a football fan to be able to answer them because they are in the public domain. You might think they are 'knowledgeable' questions in Nigeria. . . but in England, they are very public issues which everyone knows because of the wide media coverage they received. . . .so my statement is not meant as a diss against Nigeria.

I thought so.

Why don't we punch the clock - if you are so confident in your knowledge?

Two minutes (to prevent Wikipedia-ing)

Whatever . . . . same old brash talk. . . . .pull up any discussion on footie, you are nowhere near levels.

Hannibal:
Stop feeding us chaff. . . . . . You know nuthing about football. . . . .
You can lie from Nairaland to Nepal but telling us u came to Europe in 1996 shows u had little or no knowledge at all about football before u traveled.
I will school u on what happened in Europe pre-1996 and post-1996.

Yeah - just like you did in the Thierry Henry debate? Telling me Henry struggled after Wenger left - when Henry played only a handful of games under Wenger.

Like I told you, hola at me on IM, a quick 15 minute chat should expose your total ignorance on all things football. Are you scared?

Attack of the clones. . . . lol.

Dr Kitaun:
madman ! u came to have been watching euro footie since 1996 ?

and in another thread u came claimed u first started watching footie 8 years ago  . . .who is fooling who ?

Are you sure? Why don't you pull it up? I been playing and watching football since 1990, not even 1996. I came to Europe in 1996 and I believe my knowledge of European football to be almost complete from 1996 onwards. That does not mean I do not know what happened before 1996 . . . but unlike some who started watching European football since DSTV came in, I do not claim to have perfect knowledge of what happened before I came to Europe and I do not argue with people who do - just like I do not argue with Akola about Nigerian League. Some dudes got their DSTV in 2001 - and they want to argue over what happened in French League in 1996: Imperfect information! 


GTFOH!

debosky:
A difference of opinion or familiarity doesn't have to descend into mudslinging.

Ask Dr Kit if me and him ever had a debate or any difference of opinion. The first time I ever saw this guy, I was arguing something with Ako and the boy just jumped in with insults. . . . lol. . . . . since then it has been non-stop insults from him, which I mostly ignore. I figured he must be Ako's henchman.


Since then, I noticed his post do not make any sense at all, just a bunch of smileys  . . . . . so I figured he must be an idiot.

Dr Kitaun:
that said, idiots like Ibime need to know like Akolawole said that people like Loyika, Akolawole, 4play, Debosky, Dayokanu,Davidlylan, Rikkyjen, Pataki, Bolaoni, Justkunmi, Mukina, Niterider, Bagoma, Jackal, Razorr, Vieira, Wormedup, Toshman, Grizzly, Chxta, Hustler and Myself made NLAND SPORTS what it is today . . .

Do you want a medal? Bloody cronyism. So just because you have been on Nairaland since nineteen kporodimkpom, it makes you immune from idiocy? An idiot is an idiot, whether they have been on Nairaland for ten years or ten minutes. . . .and you are a bonafide idiot. Only in Naija do people demand respect just because of their age (on a forum). I have been here long enough to know who knows their stuff and who doesn't. A lot of the aforementioned know their stuff. . . .but you certainly don't.

Like someone said: Dr Kit is the self appointed defender of the oldies. Ako is the grandfather who brings nothing to the table but basic kiddie knowledge (and only on English Prem). You guys fit each other. Ako want me to respect him by force since I joined NLAND. lol. Respect is not by force. I only respect knowledge. . . and both of y'all's is rudimentary (and local).

Hannibal:
Don't be in a haste, geezer!!!

The football season is here already.
2 weeks of Prem action would tell if u really know your football or u are just a noise-maker.
Dayokanu doesn't know his footie. . . . He has been found out several times so u are next to be scrutinised.
Are u anutha cheap imposter?? Time will tell.

I am waiting to see how long Ronaldo is injured before I make my predicitions.

Well, I have been living with my chick for 2 years now . . . . . . I must say it takes all the excitement out of relationships. . . . . not because of any religious stuff but because familiarity breeds contempt.

Diversionary tactics. . . . . I am sure a simple 15 minute chat will expose your ignorance forever.

Well, for pure emotion, Nigeria vs Brazil did it for me. I remember our family held prayer meeting before extra-time and our prayers were answered. After the match, I felt like "Damn, we just beat Brazil. It feels great to be a Nigerian"

hehehehehe . . . . . good reply. . . . . . I'm off to bed . . . . . . one day, hook me up on IM chat, lets talk football. . . . . we will see who gets stuck without wikipedia. . . .  .