You're right and this is why most of the manure fans didn't want the Glaziers

They bought it with debt they then loaded onto the club, basically. So, they offer ?loads for the club, and no they don't have ?loads, so let's call that a debt, and let's stick that debt on the club's balance sheet and assume we can service that from future cashflows, predicated on commercial income itself predicated on high-profile success on the pitch.

In a word, "oh."

Posted By: Old Man on April 22nd 2014 at 12:54:57

Message Thread

The rapid demise of Mr Moyes (NCFC) - essexcanaryOTBC, Apr 22, 11:32:32
- crap manager who's old school tactics and focus on athletisism might work for Everton (NCFC) - phrankin, Apr 22, 13:27:23
- Over time, you'll probably find out how much the Glaziers are to blame for most of this (NCFC) - pants, Apr 22, 11:38:34
  - They let Moyes waste about 70 million on players he had no idea (NCFC) - Brandonio, Apr 22, 14:55:03
  - Oh well, maybe we can nick some of their players on the cheap in future (NCFC) - essexcanaryOTBC, Apr 22, 11:44:04
    - ?696 million spent on interest alone since 2005 (NCFC) - pants, Apr 22, 11:47:16
      - You're right and this is why most of the manure fans didn't want the Glaziers (NCFC) - Old Man, Apr 22, 12:54:57
        
        Puts the Malaga champions league financial fair play into perspective (n/m) (NCFC) - pants, Apr 22, 13:02:41
      - it is madness. your average fan must be gutted his wages are going on that. (n/m) (NCFC) - fal5taff, Apr 22, 12:07:03
      - Through payday loans?!?! (n/m) (NCFC) - essexcanaryOTBC, Apr 22, 11:49:01

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.