Monday, 8 June 2009
West Ham "Sold"; The Devil Is In The Detail!
Ok, now the positive spin is that we have been sold to Staumer. But that, I'm afraid, is straight out of the "New Labour Book Of Lies, Correction Spin"! What has, in fact, happened, is that Staumer have taken control of West Ham in the same way as a bank takes ownership of your house if you default on your mortgage.
All very well you might say, until you appreciate that Staumer are themselves a bankrupt bank, operating from the base of a bankrupt nation which, itself, is clinging on to the coat-tails of a bankrupt World economy. Somewhere in that great sea of debt, the Not So Good Ship West Ham is bobbing around in the midst of a perfect storm. Remember that scene from the film when they all smile, thinking the worst is over - then comes the wall of water?
What worries me most is that term "Asset Management Group". Now, what do "Asset Management Groups" specialise in? Asset stripping. Show me an Asset Management Group that cares for anything other than realising the greatest possible profit in the shortest possible time and I will show you a pot in Newcastle's trophy cabinet! From now on, the West Ham project is going to be about maximising the return on selling the club. And the problem with that? If more money can be made by closing down "the brand", then the "brand" will cease to exist.
So if anybody sees a helicopter flying over Upton Park in the next few weeks, blow it out of the sky; because it might just be Barratt assessing the value of the land for future residential development.
Faustus sold his soul for an extension of his youth. The pact we signed for our tilt at Champions League qualification may yet carry the heaviest price of all. And we were worried about Tevez!
Posted by Hammersfan at 13:10