Has a single person said this is good news? The general consensus seems to be that it's far from ideal but not quite as bad as the sensationalist headlines. Keep up the **** work though Tobes you're always good for a laugh if nothing else.
Part of that £40.5 loss is achieved due to the timeframe of the report (as you well know), the remainder of the figure is mostly made up of one-off charges and are not an on-going drain upon the club. Perhaps the demands of fans and managers mean that you need a guy like Ayre to control the ship - otherwise you get potentially disastrous long term performance both on and off the pitch (not looking at any other club in particular )
You could say though at least ( for the most part) they are being pretty open with it. If memory serves me right, there was some rumblings about money with H&G but it wasn't until right after that 2nd place season that it all came to light.
There are 3 points to be made 1 the club is patently unsustainable without propping up by Henry. 2. Like it as not and all the guessing at the full annual report it will not be pretty reading 3. It's not much different that Chelsea frankly interest free loans but not at the level of ra All in all it should be context to several decisions and the rags are not wrong to highlight Kenny and compelling getting the sack over such waste (don't even try to debate that... Downing and Carroll) and you can't expect another huge net spend in the summer and finally anfield decision makes more sense
That analysis is a load of cock MITO! Now balance those figures against the value within the club itself. Then take the same figures and place them against the size of the opportunity.
People worry too much. Not long ago we were close to administration with H&G. FSG bailed us out and cleared a majority of the debt. Also despite what people think, they HAVE spent money rebuilding the team. It just wasn't spent wisely
Can i ask all the psuedo bean counters this question - do we owe the banks anything, and do FSG have loans secured against the club?
The answer is both yes and no. Yes we do owe money to the banks for working capital but no FSG have NOT secured loans against the club. We are in no danger with our outside finance.
1. Any club is unsustainable without its owners financial backing? Every team with an owner receives money in this way. We receive less than most and owe less than most. 2. Next years report will be much healthier than this one. This has been proven and confirmed given that its a poor timeframe that takes our losses into account and barely any gains. 3. Not like RA. Yes the debt is seemingly controlled by one man but it comes from one mans investment firm, with a reasonable amount invested as a safeguard. It prevents us from getting into debt from banks. We owe the same reasonable amount that we would to a bank, the difference being that JH won't call in his debts or interest rates.
