West Ham sold

[davids cross]

It's no surprise Sullivan has gone out there at this time. With his links to horse racing the Dubai world cup will have bought everyone to the area. Though it finished at the weekend it's still no doubt a good place to meet the right people who have gathered. The horse racing industry in Dubai I believe has ridden out the financial problems of the area better than most from what I've read.

[sicknote]

financially Dubai is on its arse at the moment, Abu Daby(however you spell it) bailed them out recently, so i think it would be unlikely to gain investment from there at present

[Cuenca 'ammer]

financially Dubai is on its arse at the moment, Abu Daby(however you spell it) bailed them out recently, so i think it would be unlikely to gain investment from there at present

On Wednesday, when Dubai announced that it was asking banks to allow the state-owned Dubai World to suspend loan repayments on much of its $59 billion of debt for six months, it sent shivers down the world's spine. Markets crashed everywhere, including in India, on fears that there may be worse to come.
The markets are not sure if Dubai is going to allow its former crown jewel to go bankrupt. Worse, does this tell us something about the Dubai government's own financial state?
The short answer: Dubai is not going bankrupt anytime soon. In fact, the reverse may well be true because it has just begun the process of cleaning up its debt-heavy financial system, say analysts.
It is unlikely to go under because its deep-pocketed brother emirate Abu Dhabi, which has a sovereign wealth fund alone of $800 billion, has already bailed it out last week.

Sicknote:

I think this is who they had lunch with, over by the Emirates ~ they never in fact left London:

http://www.goalvideoz.com/images/player ... uDiaby.jpg

[sicknote]

thats the fella

and i thought arsenal had a rigid pay structure

[Georgee Paris]

A new middle east crisis erupted last night as Dubai Television was refused permission to broadcast 'The Flintstones'.
A spokesman for the channel said....
'A claim was made that people in Dubai would not understand the humour, but we have heard that people in - Abu Dhabi Do.'

[Cookedskunk]

A new middle east crisis erupted last night as Dubai Television was refused permission to broadcast 'The Flintstones'.
A spokesman for the channel said....
'A claim was made that people in Dubai would not understand the humour, but we have heard that people in - Abu Dhabi Do.'

Mrs Skunk loved that

[the pink palermo]

The problem for G& S, given their insistence on retaining control , the other investors, Arab or otherwise are paying a lot of money for something that won't generate a profit to produce a dividend , without he buzz of saying "I own that" ( which may justify a vanity investment) .

Seriously , whats in it for them ?

Naming rights over the Olympic Stadium no less and sponsership deals too.
In short association with potentially the most prestigious stadium in the world's greatest capital city.
You know it makes sense.....

Good point BF - wasn't thinking that far ahead .

And for those pronoucing the demise of Dubai , it may be worth pointing out they have just started building Europes largest Container port down the estuary , just past Tilbury , which will take them the best part of 5 years and create 12,000 new jobs .Thats a several billion £ project so they ain't that skint .

[Cuenca 'ammer]

As I pointed out TPP:

"because its deep-pocketed brother emirate Abu Dhabi, which has a sovereign wealth fund alone of $800 billion" ~ so you're not far off track...

[RichieRiv]

Not that I want to turn this into a discussion about the UAE but....

I was in both Dubai and Abu Dhabi and trust me the former is in problems. Ex-pats are being made redundent, most of them are cutting their losses, rents have crashed, construction has slowed massively, projects such as the second palm and the world have been suspended. Jebel Ali port in Dubai (the larget man made harbour in the world) had one container ship berthed when I was there - 2 years ago they were queuing up. The vast shopping malls are empty.

I could write an essay on this but can't be bothered.

Potentially Qatar could be an option, but Abu Dhabi is well and truely tied into Man City - shirts, shops, car stickers the works.

[Billydinho]

It's no surprise Sullivan has gone out there at this time. With his links to horse racing the Dubai world cup will have bought everyone to the area. Though it finished at the weekend it's still no doubt a good place to meet the right people who have gathered. The horse racing industry in Dubai I believe has ridden out the financial problems of the area better than most from what I've read.

It certainly has...that was shown by the masterclass that was the Dubai festival. It was a fantastic event...

[Bml04]

has anybody on here heard that GaS have increased their stake to 60%

[the pink palermo]

has anybody on here heard that GaS have increased their stake to 60%

Yes they have taken a further 5% each , reported in yesterdays standard . The total debt now stands at £90m.

[BSB1]

Not that I want to turn this into a discussion about the UAE but....

I was in both Dubai and Abu Dhabi and trust me the former is in problems. Ex-pats are being made redundent, most of them are cutting their losses, rents have crashed, construction has slowed massively, projects such as the second palm and the world have been suspended. Jebel Ali port in Dubai (the larget man made harbour in the world) had one container ship berthed when I was there - 2 years ago they were queuing up. The vast shopping malls are empty.

I could write an essay on this but can't be bothered.

Potentially Qatar could be an option, but Abu Dhabi is well and truely tied into Man City - shirts, shops, car stickers the works.

All sounds like an investment oppotunity to me

[Bishy]

Where's Trap? He needs to change the title to 60% Sold.

Do you think they have an investor or two lined up now our PL status is all but confirmed?

[Cuenca 'ammer]

Bish

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[Jigga]

My guess is if we get further investment in the next couple of months then the following is possibility:

Manager - Mark Hughes
Players In - Joe Cole, SWP and Ireland (if press speculation is to be believed).

If no further investment.

Manager - Steve McClaren
Players In - Dorrans, Fletchers, Hunts of this world, mainly british players with a hunger to succeed at the top level.

I usually talk a load of b*llocks so expect none of the above to happen However I do expect investment to come in as we are by far a better proposition than other prem clubs due to the olympic scenario, land etc...

[Bishy]

Bish

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

What can I say...?
I miss this thread

[Cuenca 'ammer]

^^^^^

and some people get off to root canals so I'm told !!

[garage]

So now we have survived the relegation battle another trip for sullivan and brady to Dubai

[Iron Spine v2.0]

Bish. Shut The F*ck Up!