Arsenal have taken out a £120m loan from the Bank of England in an effort to ease cashflow issues that have mounted during the Covid-19 pandemic.
The loan, which must be paid back by the end of May along with an undisclosed sum of interest, is designed to cover losses and will not have any impact on Mikel Arteta’s winter transfer plans. It has been provided by the bank’s Covid corporate financing facility (CCCF), which assists organisations that meet highly specific investment criteria and are deemed to make significant contributions to the economy. Tottenham Hotspur and the Football Association are the only other football institutions to have made use of the scheme.
Really worrying times as an Arsenal fan, I hope we are not saddled in more debt by Kroenke. This man won’t use his vast fortunes to write off our debts but has the guts to borrow even more.
I am sorry but we will struggle to buy players in the future thanks to mismanagement from the worst owners in PL.
Arsenal take out £120m loan from Bank
posted on 8/1/21
‘You’re just wrong’
Great debating. You’ve put forward such a strong case.
I’m quite happy to respect your opinion. Haven’t said anything to the contrary.
If you actually approached the conversation with a modicum of maturity and explained why you think I’m wrong, politely, maybe you might actually get somewhere.
posted on 8/1/21
Read back and you'll quite clearly see I was able to discuss the matter with others with more than a modicum of maturity, thank you very much.
Then this (our first exchange):
...........
comment by Winston (U16525)
posted 8 hours, 17 minutes ago
comment by Lexington 125.2 - Give Reiss A Chance (U8879)
posted 3 minutes ago
Think you probably need to research KSE at bit more before commenting, Winston.
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Don't think I do, but thanks.
...........
Yeah, but I'm the one acting like a f/cking kid.
Toughen up, pal.
posted on 8/1/21
Sorry, what exactly did you expect as a response?
You told me I needed to do more research, with no explanation about what I might have missed.
And now you’re telling me to toughen up, whilst in the same post taking issue with me writing ‘don’t think I do, but thanks’?
posted on 8/1/21
‘Absolutely pathetic
posted on 8/1/21
Indeed you have been.
If you genuinely wanted a reasonable discussion then you could have had one and to be fair, still good.
All this bravado and not one post about why you think I’m wrong. Not one.
posted on 9/1/21
You forfeited any expectation of reasonable discussion with your initial reply to me. As said previously, the subject was being reasonably discussed here, before you blundered in.
posted on 9/1/21
That really is absurd.
Your post got the reply it deserved. You offered up absolutely nothing to the discussion except to tell me to ‘do my research’.
I think if you take away the bravado you’ll see you’re wrong here.
posted on 9/1/21
‘You need to do more research’
‘Don’t think I do’
Apparently that justifies two pages of not giving any explanation and just making it personal.
You can’t really believe that, surely.
posted on 9/1/21
Corporate billionaires don't pay for or pay back sh !t. That's how they feck us out of the country's money year in year out.
Before the public got told about the virus, they were all given time to move all their personal wealth, plus make some inside investments. Then whilst they personally made billions of pounds/dollars on the stock market. They were all allowed to sack loads of their staff and make the taxpayers loosing. their livelyhoods, pay the wages of the remainder. Also, they can all take out huge loans of taxpayers money, which in reality will never be paid back but instead, their debt moved around the treasury accounts and gradually written off over time.
And be clear. It's only been a great deal for "the government," in that loads of government ministers and their chronies have also made a sh !t tonne of personal cash too. "The people" (so most/all of us) got royally fecked and will be paying the billionaires's bills bill for years to come. Typical "S.O.P in a crisis," billionaire/politician's feck job over almost everyone who isn't one of the s at the top. People should be livid about this since it wasn't just ke. ALL the billionaires pulled the same scam. It's our crooked-ass government we should be holding to account. It is them robbing us to give the billionaires the cash after all. But eceryone's apparently more concerned with biyatching about not being able to go to the pub
posted on 9/1/21
comment by WB2 (Emery'll Get Me Killed) (U8276)
posted 1 hour, 24 minutes ago
Corporate billionaires don't pay for or pay back sh !t. That's how they feck us out of the country's money year in year out.
Before the public got told about the virus, they were all given time to move all their personal wealth, plus make some inside investments. Then whilst they personally made billions of pounds/dollars on the stock market. They were all allowed to sack loads of their staff and make the taxpayers loosing. their livelyhoods, pay the wages of the remainder. Also, they can all take out huge loans of taxpayers money, which in reality will never be paid back but instead, their debt moved around the treasury accounts and gradually written off over time.
And be clear. It's only been a great deal for "the government," in that loads of government ministers and their chronies have also made a sh !t tonne of personal cash too. "The people" (so most/all of us) got royally fecked and will be paying the billionaires's bills bill for years to come. Typical "S.O.P in a crisis," billionaire/politician's feck job over almost everyone who isn't one of thes at the top. People should be livid about this since it wasn't justke. ALL the billionaires pulled the same scam. It's our crooked-ass government we should be holding to account. It is them robbing us to give the billionaires the cash after all. But eceryone's apparently more concerned with biyatching about not being able to go to the pub
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ffs