Quote Originally Posted by sinkov View Post
I've had a quick peek at the latest accounts, it's eyewatering, we're almost getting to the re-arranging deck chairs on the Titanic stage imo. It's a few years now since Deloitte and Touche said 70% of turnover was about the reasonable max, any more than that and you were heading for Admin. In our last promotion season we spent 114% of turnover on wages, no wonder we got promoted, but if we don't get that back down we're well and truly fecked.
Sadly, I agree with you sinkov. I never liked the takeover when it took place, however, it was what a lot of fans wanted ---a change at the top to progress the club.
What ostensibly was a well run ship has indeed turned into the Titanic and the sinking feeling just will not go away because the debt continues to grow.