money questions
You say "The season ticket money has been mortgaged away." Can you be more precise?
I understood that the loan was for 15 mill quid, repayable over 15 yrs. Why do you think our ST-revenue (8 mill p.a.) doesn't easily service this debt?
I see the real issue being the crazy wages offered by the club, and their failure to link these wage-levels with performance. (Apparently we are governed by market forces, yet when normal market-forces apply to poorly-performing companies the wage-bill usually marks time or shrinks. I have yet to meet any 'market' that says "You've missed your targets, here's more money")
Posted By: east of hampstead on September 24th 2007 at 13:37:35
Message Thread
- FAO Pants: look away now (NCFC) - Blind Lemon Creosote, Sep 24, 13:05:33
- money questions (NCFC) - east of hampstead, Sep 24, 13:37:35
- Several things (NCFC) - Blind Lemon Creosote, Sep 24, 13:51:21
- I don't disagree (NCFC) - east of hampstead, Sep 24, 14:09:49
- You know when you take out a mortgage ? You sure as hell don't just pay back the capital. (n/m) (NCFC) - Arganth, Sep 24, 13:46:28
- really? (NCFC) - east of hampstead, Sep 24, 14:00:52
- Several things (NCFC) - Blind Lemon Creosote, Sep 24, 13:51:21
- money questions (NCFC) - east of hampstead, Sep 24, 13:37:35
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.