Clubs like Norwich operate at a loss almost every year
Where do you think the 2 million is coming from?
The club have had to pay promotion bonuses and increased wages while in the Premiership and this will amount to a good few million.
We built the corner infill with cash from the Premiership and that accounts for a further 3 million or so.
The pitch was relayed at a cost of several hundred thousand.
We bought Ashton, Jonson, Helveg, Safri, Doherty, Ward, Gallacher and loaned Bentley. All these signing cost money in fees and/or signing on fees. There must be a least 5 million in that alone.
We bought Huckerby, Mckenzie and Svensson by gambling on potential Premiership money.
The 15 ? 20 million from this year doesn?t go very far when you take into account all the costs from the last 18 or so months.
The club can only spend the money it has.
Posted By: Ben on June 7th 2005 at 23:16:58
Message Thread
- Money. (NCFC) - kevdee, Jun 7, 22:53:14
- Clubs like Norwich operate at a loss almost every year (NCFC) - Ben, Jun 7, 23:16:58
- Have forecast a profit of more than 6 million this year. (n/m) (NCFC) - kevdee, Jun 7, 23:30:31
- That doesn't mean they will have ?6 million to spend (NCFC) - Ben, Jun 7, 23:35:58
- They have debts of many million (NCFC) - kevdee, Jun 7, 23:41:49
- Not quite... (NCFC) - Ben, Jun 8, 00:52:31
- They have debts of many million (NCFC) - kevdee, Jun 7, 23:41:49
- The other clubs seem to always find money, so why are we always different. (n/m) (NCFC) - kevdee, Jun 7, 23:31:48
- That doesn't mean they will have ?6 million to spend (NCFC) - Ben, Jun 7, 23:35:58
- Have forecast a profit of more than 6 million this year. (n/m) (NCFC) - kevdee, Jun 7, 23:30:31
- I dont think its the board...IMO they av been very open bout the state of our finances.... (n/m) (NCFC) - Klobo04, Jun 7, 23:07:29
- I think you might find that we are still paying for Dean Ashton (n/m) (NCFC) - iwans_ex_dentist, Jun 7, 22:55:46
- I think you might find that we are not (NCFC) - T 07, Jun 7, 23:00:34
- Tv money and share money paid most of that. (n/m) (NCFC) - kevdee, Jun 7, 22:58:27
- Thanks (n/m) (NCFC) - iwans_ex_dentist, Jun 7, 23:00:45
- Clubs like Norwich operate at a loss almost every year (NCFC) - Ben, Jun 7, 23:16:58
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