by superreadingfan » 01 Jun 2011 13:03
by Agent Balti » 01 Jun 2011 13:07
by Red » 01 Jun 2011 14:08
by superreadingfan » 01 Jun 2011 14:48
by Kitsondinho » 01 Jun 2011 15:11
by Hampshire Royal » 01 Jun 2011 15:37
by Red » 01 Jun 2011 15:39
superreadingfan I do own a jester hat, but what is currently happening at the club is no laughing matter, so it will continue to collect dust next to my signed Convey boots
by Red » 06 Jun 2011 11:51
by Snowball » 07 Jun 2011 12:01
by Red » 07 Jun 2011 14:55
by Arnie_Pie » 07 Jun 2011 14:56
Snowball an AVERAGE of £23,333,333 owed by every club
by nailseabiscuitman » 07 Jun 2011 16:24
by percy_freeman » 07 Jun 2011 17:57
by royal madrid » 07 Jun 2011 18:33
Snowball BBC says that Football League clubs now owe £700,000,000 with "over 80%" owed by Championship clubs
So that's 560,000,000 minimum owed by 24 clubs, an AVERAGE of £23,333,333 owed by every club
an AVERAGE of £23,333,333 owed by every club
Gates were down 6% overall last season
TV money is lower next season
by under the tin » 08 Jun 2011 08:47
Snowball BBC says that Football League clubs now owe £700,000,000 with "over 80%" owed by Championship clubs
So that's 560,000,000 minimum owed by 24 clubs, an AVERAGE of £23,333,333 owed by every club
an AVERAGE of £23,333,333 owed by every club
Gates were down 6% overall last season
TV money is lower next season
by Snowball » 08 Jun 2011 10:53
under the tinSnowball an AVERAGE of £23,333,333 owed by every club
Gates were down 6% overall last season TV money is lower next season
I have no reason to doubt these figures, mate.
However, as I understand the term, all it amounts to is football clubs maxxing out their notional credit cards, fulsome in the knowledge that they can circumnavigate oblivion by using accountancy smartspeak: "restructuring" "refinancing" etc.
And then when things become completely untenable, they know that they can walk away from this debt by playing on the heartstrings of their creditors, and the wider community of the fan base. "Accept .001pence in the pound, or lose 100 years of professional football in Barchester"
They are adided and abetted in this by a taxman who is reluctant to be seen as the bad guy in the affected community.
Reading might well be "well run", with manageable/negligible debts, but in the current football climate, it doesn't add up to a hill of beans, because those clubs who do not run on a business footing are not being punished for their misdemeanours.
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