we're forever blowing bubbles

Goonerhater

yes indeedy deedy while the bank in Iceland that your top boys has his dosh in sinks (sunk) you will be blowing bubbles. Even if they leave the money in the bank who is to say they can get at it easy oooooooooooooooo dear what a shame never mind ayyyyyyyyyyyyyyy.


So when that big bill for compo lands in a month or soooooo where is the dosh coming from ?

Chris_from_Sidcup

[cite]Posted By: Goonerhater[/cite]
So when that big bill for compo lands in a month or soooooo where is the dosh coming from ?

Isn't that the reason why they sold Zamora, Pantsil, McCartney and Ferdinand.

Goonerhater

not if they put the dosh in that Icelandic bank it aint !

Salad

Icelandic companies have been told to sell lots of their foreign assets and bring the money home

queensland_addick

Oh no. That's dreadfull. Poor poor Whammers.

Weegie Addick

What comes around, goes around, eh - at least where their dodgy deals seem to be concerned...no sympathy for them since the Tevez debacle.

LenGlover

No more than they deserve after the disgusting way they treated Curbishley.

bingaddick

West Ham claimed today that they are unaffected by the Icelandic banking crisis. Maybe that is because the club is personally owned by the Banker bloke. On the other hand did he part with his own cash or cash leveraged from their Bank?

Goonerhater

oooooooooooooooooooooooo thats all right then like Northern Rock / Lehmans Brothers/ etc etc etc etc said.


Jan transfer window will b f**ked who will let clubs take big money out of their accounts and who will sell without geting the readies up front ?

cafcpolo

Didn't it all change at West Ham with how they are owned / run? Hasn't Egghead taken a back seat & left it up to someone else? I could be talking complete bollox of course!

bingaddick

Egghead's gone mate. The major shareholder is an Icelandic Banker whose company, I believe, has just been nationalised.

SoundAsa£

[cite]Posted By: bingaddick[/cite]Egghead's gone mate. The major shareholder is an Icelandic Banker whose company, I believe, has just been nationalised.

So the Icelandic government/people now own The Hammers?!?!?

F-Blocker

Yeah, they're now the Icelandic national team! Hermann will be signin for them in January ;o)

nth_london_addick

just spoken to a pal of mine who had moved his money from banks here to that bank in iceland over 60% of all him and his wives money, everything they have worked for and saved hard for and they can not move a penny out and are not Guaranteed a penny will be coming back to them.

very solid lovely family hard working honest and good people and the effect could be a catastrophey if they cant get their cash


the real effect of this credit crunch is the people like them that in 10 years were looking to stop working and relax a bit now may have to change their whole future plans

Ledge

should have used there nous and put it in the post office or northern rock

bingaddick

[cite]Posted By: nth london addick[/cite]just spoken to a pal of mine who had moved his money from banks here to that bank in iceland over 60% of all him and his wives money, everything they have worked for and saved hard for and they can not move a penny out and are not Guaranteed a penny will be coming back to them.

very solid lovely family hard working honest and good people and the effect could be a catastrophey if they cant get their cash


the real effect of this credit crunch is the people like them that in 10 years were looking to stop working and relax a bit now may have to change their whole future plans

It appears that there will be compensation upto £50K according to the BBC

BBC Link

Badger

No money available in january to sign any players.

nth_london_addick

thats the problem bing

their savings are way above that he owns his own window firm and her old man had a few shillings and left them to her when he passed away 50k is nice but wont cover much of what they may loose

Athletico Charlton

Only a couple of the West Hammers owners companies have gone bust so far, he has money all over the shop so may yet be ok. That said he is one of the main guys behind Bauger who own half the British HIgh Street so that can't be doing well either.

As for compensation upto £50K, as the first £16K is guaranteed by the Icelandic Govt which itself is in trouble of going bancrupt people may only get back the bit between £16-50K!! - Icesave has savings totalling £4.5 bn. Iceland as a country had a GDP of £6-7bn and 300,000 people...where will ther govt get the money from?? Hope i am wrong.

pete_tong1

'where will ther govt get the money from?? Hope i am wrong. '

Russia.

Athletico Charlton

Nope...the UK...just announced by Mr Darling...Iceland Govt have said they have no money to pay anyone so Mr Darling will be bailing everyone in the UK out.

Miserableoldgit

And this money is coming from where ?

kinveachyaddick

from us the taxpayers!

Miserableoldgit

Thought so.

kinveachyaddick

don't agree with it myself

if you were greedy and fell for the unrealistic 7% interest these Icelandic banks were offering and you got your fingers burnt then I don't see why we should have to bail them out

they knew the risks - or they should have researched them properly before shifting their cash over there

Kap10

[cite]Posted By: LenGlover[/cite]No more than they deserve after the disgusting way they treated Curbishley.

Yes but for Curbs it will be worrying because if hammers go to the wall he won't get any comp.

[cite]It appears that there will be compensation upto £50K according to the BBC[/url]

Although there maybe upto £50k comp for investors, is iot a £1 for £1 comp? Or will they only pay a certain number of penny's to the pound.

Goonerhater

The Gov in Iceland are asking all Icelandic companies who have assets abroad to sell them and put the money back into banks in Iceland ! Do f**k off would you ?on the other hand maybe it means Wet Spam are for sale ? mind you cant see that they are any sort of asset !

F-Blocker

[cite]Posted By: valleyman[/cite]Nope...the UK...just announced by Mr Darling...Iceland Govt have said they have no money to pay anyone so Mr Darling will be bailing everyone in the UK out.

[cite]Posted By: miserableold-ish git[/cite]And this money is coming from where ?

[cite]Posted By: kinveachyaddick[/cite]from us the taxpayers!

[cite]Posted By: Kap10[/cite]

[cite]Posted By: LenGlover[/cite]No more than they deserve after the disgusting way they treated Curbishley.

Yes but for Curbs it will be worrying because if hammers go to the wall he won't get any comp.

[cite]It appears that there will be compensation upto £50K according to the BBC[/cite]

[cite]

Although there maybe upto £50k comp for investors, is iot a £1 for £1 comp? Or will they only pay a certain number of penny's to the pound.[/cite]

The payouts will come from the Financial Services Compensation Scheme. This is paid for by levies on the banking industry. The £50k figure is a 1-for-1 thing.

bingaddick

The bailout agreed by the Chancellor is not limited to £50,000, it's a full value bailout.

nth_london_addick

How can it be serves you right for getting your fingers burnt FFS

if you were buying shares and you get burnt fair point but if you are Investing YOUR money that YOU have worked for that OTHER people loose it is not fair, It is the same as robbery or being mugged

InspectorSands

Kaupthing has just been put into administration as well.

nth london addick - shares go up and down, it's a gamble as well as an investment. Unfortunately, people were encouraged to think of them as a no-risk investment over the past 20 years.