Credit Crisis Spreads To The Pitch


	Credit Crisis Spreads To The Pitch

Andrew Farrell

10-9-2008 12:07 PM

773 views

Andrew Farrell says:

From mortgage brokers to Wall Street banks to European soccer clubs.

To UEFA's credit, it sounds like it's trying to be proactive about the problem.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f1bb682b-2f77-4698-979f-1cedd507bcb0/C9FE03A6-EC8A-4DA4-8FBA-04B66D08165D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.goal.com/en/articolo.aspx?contenutoid=902247" href="http://www.goal.com/en/articolo.aspx?contenutoid=902247" style="font-size: 11px;">www.goal.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.goal.com/en/articolo.aspx?contenutoid=902247">Following the chairman of the FA's announcement on Tuesday that English
clubs are £3billion in the red comes UEFA general secretary David
Taylor's caveat that the most debt-ridden clubs on the continent face
exclusion from European competiton. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.goal.com/en/articolo.aspx?contenutoid=902247">Following the chairman of the FA's announcement on Tuesday that English
clubs are £3billion in the red comes UEFA general secretary David
Taylor's caveat that the most debt-ridden clubs on the continent face
exclusion from European competiton. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.goal.com/en/articolo.aspx?contenutoid=902247">Taylor is concerned about the impact of the 'white knight' attitude
that is prevalent among many clubs, whereby a solution to soaring debts
is expected or hoped for in the form of a Abramovich-esque benefactor,
and no steps are taken by the club in question to alleviate financial
meltdown.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C9FE03A6-EC8A-4DA4-8FBA-04B66D08165D/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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