Confused
I am very confused - so I'd welcome views.
We know that ?The land on which the hotel sits is no longer Norwich City's. A 150-year lease was granted to the hotel company Kerrison Hotel Ltd in return for a payment of ?1.1m. In addition, the club negotiated a 30pc stake in the business which, it is hoped, will benefit us financially in the medium to long-term.?
However from the balance sheet of NCFC PLC it appears that Kerrison Hotel now has assets worth just over ?17.5 million and liabilities of just over ?12.25 million.Those seem very big figures to me - surely the fabric of the hotel, and the its value as a going concern can't be worth ?16.4 million. Or am I being silly?
Posted By: Reg Presley on October 5th 2008 at 18:17:47
Message Thread
- Confused (NCFC) - Reg Presley, Oct 5, 18:17:47
- I don't have copies of the accounts...... (NCFC) - Johnny Comecardiff, Oct 5, 20:10:24
- I have only briefly looked at the statements,Eventguard is a significant (NCFC) - lovely old job, Oct 5, 18:32:29
- I though that was the highlight of the whole thing (n/m) (NCFC) - Reg Presley, Oct 5, 18:43:46
- i liked the increase in the catering profit (NCFC) - blindasabat, Oct 5, 19:06:01
- The highlight was sending the statements out to late. (n/m) (NCFC) - lovely old job, Oct 5, 18:45:42
- that wasn't your fault was it? (n/m) (NCFC) - camcan, Oct 5, 19:48:58
- I though that was the highlight of the whole thing (n/m) (NCFC) - Reg Presley, Oct 5, 18:43:46
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.