At least the club can't argue poverty
Good idea looking at Southampton's Accounts.
I was looking at Arsenal's the other day...makes our debt look small. They had ?260m of bonds and ?25m debentures. However this year they have completed a ?23.5m land deal and I wouldn't be surprised if they make ?70m+ from redeveloping Highbury themselves. In addition the revenue from the extra seats, boxes and catering facilitates will cover the interest bill and provide about ?15 - 20m for capital repayments a season. So it shouldn't take them long to pay off the debt if they wish.
Posted By: Financebod on October 12th 2006 at 23:59:27
Message Thread
- KoP - you have email..........Interesting point re the 50% (NCFC) - Financebod, Oct 12, 22:50:38
- You have a reply (NCFC) - The King of Prussia, Oct 12, 23:16:50
- At least the club can't argue poverty (NCFC) - Financebod, Oct 12, 23:59:27
- You have a reply (NCFC) - The King of Prussia, Oct 12, 23:16:50
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