Tuesday, 12 January 2010
Sullivan's Apocalyptic Prediction
I have bedimm'd
The noontide sun, call'd forth the mutinous winds,
And 'twixt the green sea and the azured vault
Set roaring war: to the dread rattling thunder
Have I given fire and rifted Jove's stout oak
With his own bolt; the strong-based promontory
Have I made shake and by the spurs pluck'd up
The pine and cedar: graves at my command
Have waked their sleepers, oped, and let 'em forth
By my so potent art.
So says Prospero in The Tempest as he describes the Apocalypse. Sullivan's vision of football finances is just as apocalyptic. If you believe Sullivan, football is standing on the brink, peering into the abyss, and at least one Premiership club will be buried "certain fathoms in the earth" before the year is out.
Sullivan tells us how Duxbury has kept West Ham afloat, by mortgaging our future - future season ticket sales, future television revenue, future sponsorship income, you name it, we have borrowed against it. That explains the debate over the extent of the debt. Sullivan and Gold see that future revenue streams are already being gobbled up to service the existing debt; Straumur only want to admit to the debt currently showing on the balance sheet. The reality is much worse than Straumur wish to admit.
It seems that Intermarket may now be out of the running after the death of CEO Bowe. As each day ticks by, our plight deepens. Franco may be out for a month, Cole isn't yet ready to return: we are left with Sears and Nouble as a strike force. God help us! The trouble is, in the Apocalypse we are all judged, and the Tevez affair may well count as a mortal sin!
Posted by Hammersfan at 21:38