I suspect

that much of what is "known" is not actually so.

Example - land sale = new stand. Well hardly; land sale generated *around* 6 mill and the new stand cost around 9 mill.

OK, so the club talked it up as though the land would pay for the stand. On the other hand we only had to find 3 mill for a new stand that cost 9 million (the kind of deal that Robert Chase would have been proud of).

And as for how the debt has grown, well it has. But it is not huge debt (Fulham have huge debt; Arse have huge debt; Citeh & Boro have huge debt) and without the locked box deal we would not have had 03/04. And I loved 03/04.

Lastly (god, i'm getting like bigfella) when Chase left everyone thought that he had fleeced the club, whereas in fact it was all accounted - but it is only now that the benefits of infills, Colney & the flour mill are appreciated (he was still a cnut though).

Posted By: east of hampstead on May 29th 2008 at 16:28:11

Message Thread

FAo Johnny Come Lately and EOH - Do I have this right? (NCFC) - Mr Creosote, May 29, 15:37:43
- I suspect (NCFC) - east of hampstead, May 29, 16:28:11
- I can comment on the first. (NCFC) - Johnny Comecardiff, May 29, 15:53:46
  - I expressed myself badly (NCFC) - Mr Creosote, May 29, 15:56:50
    - I don't have the accounts to look at...... (NCFC) - Johnny Comecardiff, May 29, 16:03:38
  - I meant to say..... (NCFC) - Johnny Comecardiff, May 29, 15:55:40
- one thing about the stands (NCFC) - Tony Martin, May 29, 15:52:33
- If the debt was taken on to improve the stadium... (NCFC) - Tony Martin, May 29, 15:50:06
  - I don't actually agree (NCFC) - Mr Creosote, May 29, 16:00:48
    - an asset is classed as (NCFC) - Tony Martin, May 29, 16:07:41
    - The accounting term asset doesn't necessarily tie up with the normal use. (NCFC) - Johnny Comecardiff, May 29, 16:04:39
      - But is it any more of an asset (NCFC) - Mr Creosote, May 29, 16:06:49
        
        Weird stuff accounting...... (NCFC) - Johnny Comecardiff, May 29, 16:09:50
        
        Then there is the matter of the infill (NCFC) - Mr Creosote, May 29, 16:22:31
        
        the benefit of the new stands.. (NCFC) - mr carra, May 29, 16:31:44
        
        Except that in the case of the infill (NCFC) - Mr Creosote, May 29, 16:37:40
        
        the hotel corner is slightly different though (NCFC) - blindasabat, May 29, 16:41:38
        
        wouldn't more use of the buy back scheme cost the club money (NCFC) - blindasabat, May 29, 16:26:34
        
        the BUY BACK only operates (NCFC) - east of hampstead, May 29, 17:37:27
        
        the Buy Back scheme is a SCAM (NCFC) - east of hampstead, May 29, 16:33:28
        
        whereas if a fan buys a ticket in the Aviva infill and not on buy back (NCFC) - blindasabat, May 29, 16:44:51
        
        But (NCFC) - Mr Creosote, May 29, 16:48:14
        
        which i guess is covered by ticket sales and sponsorship (NCFC) - blindasabat, May 29, 16:49:43
        
        That's a biggish "if" (NCFC) - Mr Creosote, May 29, 16:53:15
        
        number 1. they wouldn't be Doncaster's sums (NCFC) - blindasabat, May 29, 20:11:00
        
        dont think you could get much cheaper for a stand with same capacity than 6 million (n/m) (NCFC) - Tony Martin, May 29, 16:09:11
        
        unless we made it out of driftwood that Doncaster had collected from Yarmuff beach (n/m) (NCFC) - blindasabat, May 29, 16:11:53
        
        Well there you are then (NCFC) - Mr Creosote, May 29, 16:11:08
      - What he said! (n/m) (NCFC) - Tony Martin, May 29, 16:05:21

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