You can believe it or not

but last June the club owed £20 million. That is manageable because the club's assets (by and large land) are valued at £35 million, and because we have the cash flow to pay the debts. A slump in the property markets (and the commercial property slump is under way) and the balance sheet looks less healthy, relegation and the cash flow will take a hit. Of all the decisions the board has taken, the one to reverse the plan to pay off long term debt looks the most damaging.

And isn't it obvious that the finances are parlous? We appear to have passed on Martin Taylor for want of £250,000. Not so long ago we'd think nothing of paying 4 times that amount refurbishing 3-year old offices.

Posted By: NobodyherebutusCreos on February 8th 2008 at 10:07:14

Message Thread

Richard Balls piece in the EEN this week:- (NCFC) - KentonCanary, Feb 8, 09:04:11
- morning ladies (NCFC) - jayson blair, Feb 8, 12:21:39
  - Yeah it's rubbish (NCFC) - NobodyherebutusCreos, Feb 8, 12:36:30
    - Infamy, Infamy (NCFC) - jayson blair, Feb 8, 12:58:06
- Well you could always help out by signing up to The Norwich City Kitty (n/m) (NCFC) - CarrowRoeder, Feb 8, 09:57:28
  - Indeed (NCFC) - NobodyherebutusCreos, Feb 8, 10:08:16
  - How you getting on with that? (n/m) (NCFC) - malkybarkid, Feb 8, 10:07:46
    - Very well, should be ready for launch next week (n/m) (NCFC) - CarrowRoeder, Feb 8, 10:26:14
      - Got the (NCFC) - NobodyherebutusCreos, Feb 8, 10:30:51
        
        All the aims & constituation of the Kitty will be set out on the website for all to view (n/m) (NCFC) - CarrowRoeder, Feb 8, 10:50:15
        
        Great (NCFC) - NobodyherebutusCreos, Feb 8, 10:57:08
        
        And answer came there none (NCFC) - NobodyherebutusCreos, Feb 8, 11:45:08
        
        Does that mean you're not sure what the charitable purpose will be, or you're just not (NCFC) - Arizona Bay, Feb 8, 10:53:58
  - lol (n/m) (NCFC) - Arizona Bay, Feb 8, 10:02:55
- I for one don't believe that the Club's finances.... (NCFC) - Highlander, Feb 8, 09:50:14
  - You can believe it or not (NCFC) - NobodyherebutusCreos, Feb 8, 10:07:14
    - "We appear to have passed on Martin Taylor for want of £250,000" (NCFC) - blindasabat, Feb 8, 11:30:41
      - And answer there came none (n/m) (NCFC) - jayson blair, Feb 8, 12:22:46
- Don't forget Shaun O'Hara has just been moved on (NCFC) - Chalk Hill Bitter, Feb 8, 09:29:46
  - The "Football Is Dead" Debate (NCFC) - Martin Peters, Feb 8, 09:47:21
  - O'Hara wasn't "moved on" he just got himself a new job (NCFC) - blindasabat, Feb 8, 09:40:38
- If our finances are so parlous (NCFC) - BerlinCanary, Feb 8, 09:09:30
  - Well the answer to the question about the offices (NCFC) - NobodyherebutusCreos, Feb 8, 09:41:59
    - Well, quite (NCFC) - BerlinCanary, Feb 8, 10:03:57
  - if the cost of sacking grant has put us in such a bad state (NCFC) - samcd84, Feb 8, 09:19:41

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