Not quite...
If the club had an overdraft of ?5 million going into this year then they can still produce a yearly profit of ?6 million but finish the year with only ?1 million of cash available.
The long term debts are irrelevant as they are essentially just like having a mortgage.
Posted By: Ben on June 8th 2005 at 00:52:31
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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