All good then
Must be close to breaking FFP rules
So the moral of the story is:
The more you spend, the more chance of ending up in a relegation battle
https://www.owlstalk.co.uk/forums/to...nts-published/
All good then
Must be close to breaking FFP rules
So the moral of the story is:
The more you spend, the more chance of ending up in a relegation battle
https://www.owlstalk.co.uk/forums/to...nts-published/
Sorry B58, I must have been typing when you posted.
It certainly looks a sad state of affairs. (LOL)
Where's the Coop when you need them?
Where's Mahatma? I thought he wudda been all over this sad financial news for the grunters.UTCB
A loss of £20.8 million for year to 31 May last year.
Not good.
They appear to have paid very little in transfers, but rather large wages.
I assume the Rhodes transfer fee was paid after that year end! So could be even worse this year!
Looks like Daddy Chancer is going to have to write a big cheque again.
Interesting things from first glance - Matchday receipts are virtually the same despite the price increases. So much for 'buying quality with the extra cash'. Wages at £17m. With the overall costs they are spending £1.85 for every £1 then get in. There's £16m or creditors to pay this year (don't know if this is the Chancer himself..?) but £45m to pay after next year.
Glad my balance sheet doesn't show a deficit of £13m...
What was that Florida playboy oinker always banging on about 'We're debt free and have plenty of money'. Well, no and no...