Buck reveals the club was sinking in a quagmire of debt. I personally was surprised, ... They had a 75m Eurobond outstanding and it was perfectly clear to the markets that they might have trouble making the July payment. The then chief executive Trevor Birch had been in discussions for some time about restructuring that bond. The financial community as opposed to the football community knew there were some real issues.
More Quotes from Bruce Buck:
Montel has great hands, great speed, good height, excellent jumping ability -- all the qualities you look for. He does a great job of going to the ball.Bruce Buck
Having said that, we announced a significant loss last year and we are going to announce a significant loss today.
Bruce Buck
It was important to Roman when he bought the club that it was in the Champions League because he wanted to accomplish something immediately,
Bruce Buck
Chelsea had borrowed heavily from financial institutions, principally to fund stadium development. Ruth Giste, the widow of the late club director Matthew Harding, had also demanded repayment of a significant sum loaned to the club. Fans did not know that in January the club had mortgaged, if you will, the TV revenues, ... It borrowed against the TV revenues that were to be handed out in August. I didn't know as a fan the club owed money to the Harding family and they wanted it back. As a fan I was naive. I knew the club had financial problems, but didn't know the specifics.
Bruce Buck
What Montel allows us to do is to control the secondary so you can do more up front,
Bruce Buck
If Jose's not working, he wants to be with his family. Roman isn't very big on going to black tie dinners and things. He tends to hang around with people he's known since his twenties, and they tend to be his Russian friends.
Bruce Buck
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Based on Topics: Debts Quotes, Discussion Quotes, Finance Quotes, Football Quotes, Time QuotesBased on Keywords: birch, quagmire, trevor
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