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.
Quotes about mortgaged (8 Quotes)
Youth There is nothing like youth. The middle-aged are mortgaged to Life. The old are in Life's lumber-room. But youth is the Lord of Life. Youth has a kingdom waiting for it. Every one is born a king, and most people die in exile.
We have diverted soldiers from other organizations to fill our high-priority, war-fighting formations, ... Second, we have, for years, mortgaged our future readiness -- this modernization effort -- in order to assure that our soldiers had, in the near-term, what it takes to fight and win decisively.
If you consider that poverty is about lack of opportunity what could be more restricting that being mortgaged up to the hilt so much so that even a small change in your personal financial circumstances could lead to you losing the roof over your head,
The US financial position is rapidly deteriorating, due mainly to America's persistent and growing trade deficit. US ambitions to run the world, in other words, are heavily mortgaged. Like any debtor who borrows more year after year with no plausible way to reverse the trend, a nation sinking deeper into debt enters into an adverse power relationship with its creditors -- greater and greater dependency.
There is, of course, a gold mine or a buried treasure on every mortgaged homestead. Whether the farmer ever digs for it or not, it is there, haunting his daydreams when the burden of debt is most unbearable.
Make it a regular annual procedure to review and update your insurance. Also remember that insurance on mortgaged property probably only covers the lender with nothing left over for you.
Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.