Chelsea could be in trouble, thats one huge debt!

[80sCasual]

Check this out, Man City could be heading the same way, aren't you glad we haven't gone mad with our 'Rich Owners' and their so called 'Never ending Pots'

http://uk.eurosport.yahoo.com/19052010/58/premier-league-chelsea-owe-abramovich-726m.html

Oh how i would love it to happen to the **** though.

[Hertford Hoop]

You never know...

[ollyhoops]

wow

[W10 RANGER]

that is massive

[Jamie]

Complete non-story....

If Roman wanted to, he could liquidate the holding company by claiming his £700m back...

The club would still exist and the ground is owned by the fans so there's little Roman would gain by doing so...

[kron-1664]

read the detail:

The club's debt to the holding company was converted into shares, but the holding company's debt to Abramovich remains at £726m.

This means the holding company would be liable, not Chelsea FC :(

The reason for the debt to him still existing would be for tax reasons as if he called this in , where would the money come from?

[stan_bowles]

Liverpool's parent company owes over £470m as well.It borrows to feed the club.They go bust and the club will go the same way as Southampton,who's holding company went bust.Interest is £110,000 a day on the debt.

Man Utd's is the real horror story though.