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, Sep 24, 13:37:35