Not on the wind up Tobes but won't the current years figures show revenue from the CL and a few bob more from the EL? Plus the improved kit deal money?
Oh yeah, even the friendly in Dublin had a full house at the Aviva Stadium and the game was shown live on TV, it all adds up mate.
Yes mate, which is what I said. They'll show whether the losses you've racked up in recent years have been worth the effort, from the Yanks perspective
And the problem with debt is what? You know as well as I do that having a serviceable debt with good growth (it's clearly serviceable as (1) FFP dictates it must be and (2) we turned a profit after servicing the debt and (3) it amounts to around 20% of our revenue only) is a clear sign that the company is investing wisely. When you look as an investor at a balance sheet, you'd worry if the company had lots of cash and no debt. This shouldn't happen if you're strategy is to grow quickly. Cash and a little debt should be fully leveraged against growth. Without appropriate investment, sustained growth is impossible. Lesson over
Let's be fair to EFC. When Moyes left there, I read an article saying that they had debt of around £45m - That's more than 50% of revenue.....and they are (and were then) still a well run club. Albeit with much lower growth potential than LFC. Now, given that our Revenues are three times higher than theirs and our debt is roughly the same in monetary terms (much lower as a % of revenue) (I fully expect our debt to increase by at least another £50m btw), why would any Blue be shouting from their Prince Rupert's tower that we're not well run?? Bitter maybe?
Did I say there was a problem with debt per se or this specific debt? The reason for the debt increase wasn't ellaborated on, so it's impossible to say whether it has been accrued due to infrastructure investment or restructuring of short term borrowings. Lesson? Ok mate x
The measure of debt to turnover is not one that holds any real relevance, as the only true measure of debt is the business'sability to service it, and that is dependant on the repayment profile and the business's P&L. Our net debt in the last accounts was circa £28m and our turnover increased to £120m so your attemtped comparison is disingenuous as you're comparing your latest numbers with ours from over 2 years ago. Oh and we made a £28m profit btw...............turnover is vanity, profit is sanity
You really should have left this subject, as you've not got a ****ing clue. Please show me what assumption I'd made in terms of the debt? In your own time...
By 'spending beyond our means' you are suggesting that we shouldn't be adding to our debt aren't you? So, yup, in this case, you are suggesting that any additional debt is bad. It's not. It's called investment and our debt to revenue ratio is still dramatically lower than yours. We're (now) an extremely well run club As for the CL gravy train, those financials will be available this time next year but given the Suarez cash, the increase in CL money and our usual budget, I don't expect too much of a different story with perhaps long term debt increasing as we invest in our stadium. What is critical is that our operating costs reflect the fact that we are not guaranteed CL football or at least revenue increases substantially enough to cover this.....but we won't see that until next year and therefore cannot comment objectively on it. And a kiss mate???
The spending beyond our means comment I have already quoted and now Kenny has owned you on just above
You can't possibly say that, as you don't know the reason for the increase. I didn't say the debt was 'bad' I stated a fact, you've spent more than you've earned.
Go get your Ma to tie some sausages round your neck, and the dog might play with you. The adults are talking here
Yup, I did qualify my statement with the fact that it was from Moye's last year so is old, so hardly disingenuous. Not sure if the decreased debt is from player sales or increased revenue from Europe allowing you to pay it down? The comment still stands. Both clubs are well run and debt is not a bad thing that rival fans can jump all over.....as you did that is all I was trying to prove. Oh, and we made a profit, after servicing our debt. So sanity it is then.
