well Bolton's was pretty manageable because it was all owed to the owner

it was only when he stopped funding the continuing losses the problems came about. You can't keep spending more than you get in unless someone is prepared to fund you.
Once you start spending more than you can afford where does it stop? It's not about the debt per se, it's about making losses. Because if you keep doing that you eventually can't fund the debt.
It's easy to borrow money and say on our current income we can pay the interest, but then the parachute payments stop after two years and your income plummets and you can't. Without slashing loads of costs elsewhere. That's what happened to us last time.

Posted By: mr carra on May 12th 2016 at 13:27:34

Message Thread

If any of you fellow wrathers are the Scottish dude who phoned canary call... (NCFC) - Darren Eadie, May 12, 12:10:13
- Aye. Thanks tae ye an all yer no a bad bastit (n/m) (NCFC) - Steve in Holland, May 12, 13:16:16
- Cheers Dazza (n/m) (NCFC) - Old Git, May 12, 12:17:36
- He was very good. (n/m) (NCFC) - norway, May 12, 12:16:37
- He was a good caller. (n/m) (NCFC) - Rob NCFC, May 12, 12:14:55
- What did he say or when was it during CC? (NCFC) - King, May 12, 12:12:14
  - near the endish (n/m) (NCFC) - Chris Peacock, May 12, 12:28:30
  - No good having zero debt and getting relegated... (n/m) (NCFC) - kye, May 12, 12:18:27
    - better than having a load of debt and getting relegated though (NCFC) - mr carra, May 12, 12:39:00
      - the point the caller was making was (NCFC) - ghostof barry butler, May 12, 13:13:33
        
        well Bolton's was pretty manageable because it was all owed to the owner (NCFC) - mr carra, May 12, 13:27:34
- Yep good.i worry about the other callers ! (NCFC) - kye, May 12, 12:11:45

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