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Nairaland Forum / Entertainment / Sports / Italian Club, Palermo Sold For 10 Euros To London Company (35893 Views)
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Re: Italian Club, Palermo Sold For 10 Euros To London Company by MillionCash: 4:26pm On Dec 01, 2018 |
That's so bad, seems they ran out of resources |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Nobody: 4:26pm On Dec 01, 2018 |
Italy and most European countries are going through heavy economic recession ,so it could be as a result of the crisis. Plus I doubt that's the outright worth of the club.im guessing after paying the debts accrued by the club the past owner realized the stated sum at the end. 1 Like |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by killuminati(m): 4:27pm On Dec 01, 2018 |
Good riddance me guess |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by IbrahimDamola: 4:28pm On Dec 01, 2018 |
See them shouting 'I for buy o'. Even if you tell nigerians you selling an italian serie B club like Palermo for just 10 Euros (N4000), he will think you are trying to scam him because the price sounds too good to be true. Everybody here will call you a scammer and lalasticlala will ban your handle till 4056. 5 Likes 1 Share |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by dominique(f): 4:28pm On Dec 01, 2018 |
chiefololade: That's true, they qualified for UEFA cup while he was there |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by GenFunction: 4:30pm On Dec 01, 2018 |
EVILFOREST:,,,,,,,,,,,,loooool....chai |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by einsteine(m): 4:33pm On Dec 01, 2018 |
Chelsea was once sold for 1 pound. The price is just for a little. In actual fact, the new owner assumes the debt of the club. 4 Likes |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Obinoscopy(m): 4:38pm On Dec 01, 2018 |
There's something fishy underneath. Perhaps he have milked the club into serious debts and then gave it to the English guys. Perhaps the English guys are also part of the deal, they also took their personal cut which further indebted the club. Now they are using their corporate organisation to purchase the heavily indebted club with shareholders money. |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Rumicarter: 4:40pm On Dec 01, 2018 |
modaink333: I'm with you! |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by kstyle2(m): 4:47pm On Dec 01, 2018 |
dominique:Stephen ayodele makinwa aka the tiger from Lagos played for them 2 Likes |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by RoyalPriesthuud(m): 4:52pm On Dec 01, 2018 |
The club probably had a lot of debt which the new owner has to repay. Dangote repurchased Dangote Flour Mills from Tiger Brands for 1 US dollar in 2015, but he took on all it's debt and pumped more than 10bn naira in. 3 Likes |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by bujebudanu1(m): 4:54pm On Dec 01, 2018 |
EVILFOREST:
|
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Allwility: 4:58pm On Dec 01, 2018 |
Obinoscopy: There's nothing fishy here sir. This is one way companies are bought and sold if the seller doesn't want to be taxed for capital gains he makes from the company. Dangote once did same in 2015 when he bought back Dangote flour from Tiger Food brand for $1. Here's a link to that buyout. http://www.financialnigeria.com/dangote-buys-back-flour-business-from-tiger-brands-sustainable-photovideo-details-257.html |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by ovcwality(m): 4:59pm On Dec 01, 2018 |
LeeMason:lol, you missed the part dat the new owners will developed their stadiums and mayb plenty tins. i dont think the headline is telling thecomplete agreement |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by martineverest(m): 5:06pm On Dec 01, 2018 |
the club must have been indebted...the buyer must have agreed to pay the debt |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Xerox01(m): 5:07pm On Dec 01, 2018 |
That was Dybala's formal club |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Dynamo00(m): 5:08pm On Dec 01, 2018 |
Very funny lots of folks here are like yeah only 10 euro? Then I can afford it � it's not that simple. Before buying such a club there are many things that made it so. What's the revenue coming in? How much debt do they have that you will have to balance from your own pocket? What's the players and management wage bill and can the revenue coming in will it be able to solve it?. It's just not as simple like just dipping your hand in your pocket and paying just 10 euro. 1 Like |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Nobody: 5:08pm On Dec 01, 2018 |
It means to put the club in other it would cost million, so it's worth less. |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Tokziby: 5:10pm On Dec 01, 2018 |
dominique: It's was Ayo Makinwa that played for them, not a SE Player |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by dannyoungstick(m): 5:14pm On Dec 01, 2018 |
Predator1:So that people go die of stampedes to buy the club....... wicked people everywhere...... Lolzzz |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Tokziby: 5:17pm On Dec 01, 2018 |
HyconMojo: It was more of a hand over to a company that can manage it with their own money instead of struggling and bringing down the whole club. He did it in the interest of the club and community they represent. |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by 11doubledee: 5:27pm On Dec 01, 2018 |
Details needed jare,liabilities and debt could be worth over 100 million euros |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Ironman3(m): 5:34pm On Dec 01, 2018 |
The 10 euros is not the real fee,the new owners will pay a lot of debts. CHECK FULHAM OR BOLTON THAT WAS SOLD FOR 1 EURO BUT THE OWNER INHERITED A 3O MILLION DEBTS,OR EVEN CHELSEA FC THAT WAS SOLD FOR 2 EUROS 1 Like |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by stanley000: 5:35pm On Dec 01, 2018 |
Eponmakemoney:this one Una don dey post it's obvious say drops don dey hard to get lmao..last last we go dey alright |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by ibitoyejnr(m): 5:44pm On Dec 01, 2018 |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by saajus: 6:00pm On Dec 01, 2018 |
yungchivvy: Don't forget to buy the debt too. Use google to check how much they owe. |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by onegig(m): 6:05pm On Dec 01, 2018 |
einsteine: No mind them . Sold for 10pounds but liabilities running into hundreds of millions. |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by vr0xen: 6:23pm On Dec 01, 2018 |
stop this comment, it cant help u progress |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by dominique(f): 6:26pm On Dec 01, 2018 |
kstyle2: By SE I meant Super Eagles not south east |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by Uduakuduakobong(m): 6:47pm On Dec 01, 2018 |
Upon as I beg dem reach to sell dis club for me. |
Re: Italian Club, Palermo Sold For 10 Euros To London Company by freshdude99(m): 7:04pm On Dec 01, 2018 |
LeeMason:Black sense |
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