What about your points deduction too i think it will be around 2 points for every million over spent if they do hit you with it
So half the division will also be deducted. You never know, mighty be enough to get your lot out of trouble
We will be saved that because Gartside at Bolton is a fl bigwig and Bolton would have 90 points deducted on that basis....
I think you will be saved by Red Bull you will be known as the Red Bull Devils and your stadium will be renamed New Trafford
Where does it say we are still bleeding money? Cellino admitted we were losing a million a month earlier but some players have left since then, not forgetting the massive redundancies over the summer. Revenues might be down but the managers we have sacked won't have been on what Mcdermott was on. There is also the 20m investment which has just come in plus who knows what new sponsorship has brought in this financial year. MC has also paid off a number of smaller creditors who have threatened to wind us up. Like I say, judge the situation on the next set of results. There are still lots of issues to sort out from previous regimes. He's not in this to lose his own money hand over fist.....
It doesn't but TC and Glory will ignore that and claim we are losing billions because they say so,any proof ? no but that never stops them.Lets post that Leeds lost money last year again and pretend that makes there stories right.
You do know that any money that "Cellino" is putting in is coming in not from him but from the family firm, and are being treated as loans to the club don't you? Do you really have to wait till next years accounts before you see it? The clue is his statement about restructuring the debt. I wonder how much interest we are paying on over £30 mill of debts. We will find out next year assuming that Red Bull don't bail us out next week.
Every club has loans,Man u have hundreds of millions in loans.He is sorting out the finances,would you prefer for everyone owed money to claim it through the court.So the club he ownes owes him money.Think about it he owes himself money,is that a problem.
It is if you want to pass ffl, and don't think that when it all ends in tears he won't call in the debt.
No its not,restucturing is just paying off higher interest rates and taking the loans out at lower rates.Improving the finances.That's what its all about and he can only call in any debt if the club is succesful making lots of money.Millwall owe there owner 30-40 million,he expected to get it back by re-developing around the ground,that contract has gone else where now,and so has any hope of getting his money back a slow trip down the league's for them as he has stopped putting money in and the club only generate enough for league 2 football.TC should worry about this not us.
Absolutely right mukka Berylson loans money to Millwall every year, Millwall owes Berylson a fortune, Berylson owns Millwall so he owes himself the dosh and has NEVER claimed one penny back Cellino is taking loans from his family business and no doubt paying them high amounts of interest, plus he has family members on the payroll doing **** all.. leeds uniteds debts are getting bigger and bigger whilst the cellino family are getting richer and richer,,,why pay massive amounts of interest to out siders when i can pay it to my family says cellino...... big difference chesh
have a look at 1 of the other threads Mighty you just posted a £11.7 million loss for 13-14 your in a bigger mess than us.
