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Our economy
  • since 1978
    Posts: 126
    Soory to make another boring tread about it, but still...
    The newspapers says we still are in a need of money, and cant do anything in the transfer marked before we get any new investment?
    Where did all of the money from sales go?
    Total salary costs must be much lower?

    Are we still skint and run with a total year loss?

    (soz for me english)

  • milky71
    Posts: 8,725
    We had a lot of debt now we have slightly less debt due to the sales in the summer.

    cost's have been reduced meaning we will probably make an operating profit.
  • 1ceablue
    Posts: 3,253
    We owe a load of money to the bank. The money from the sales went to the bank. The salary reductions mean we don't have to borrow quite as much from the bank as we did before but our overall salary bill is still too high. With it so far. We cannot go into the transfer market using money as we haven't got any. We could borrow some from the bank if they let us. The bank will only allow us to borrow if we can show that we are not irresponsible and manage the club properly. This means showing that we will pay back debts to the bank diligently, which the club are now doing. When we have paid back our debts and got the operating costs to a sensible level we will probably be back into profit and the banks will be falling over themselves to lend us money. Simples......
  • diggernaut
    Posts: 1,181
    1ceablue said:

    We owe a load of money to the bank. The money from the sales went to the bank. The salary reductions mean we don't have to borrow quite as much from the bank as we did before but our overall salary bill is still too high. With it so far. We cannot go into the transfer market using money as we haven't got any. We could borrow some from the bank if they let us. The bank will only allow us to borrow if we can show that we are not irresponsible and manage the club properly. This means showing that we will pay back debts to the bank diligently, which the club are now doing. When we have paid back our debts and got the operating costs to a sensible level we will probably be back into profit and the banks will be falling over themselves to lend us money. Simples......


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     "the bank will only allow us to borrow if we show we are not irresponsible an d manage the club properly"

    So when they refused an overdraft extension and further loans we WERE acting irresponsibly and NOT managin' the club properly is wha' yer sayin'?

    Even if the rest of the stuff is true wha' division d' yer think we will be in when the banks fall over themselves like.
  • TKD
    Posts: 1,331
    milky71 said:

    We had a lot of debt now we have slightly less debt due to the sales in the summer.

    cost's have been reduced meaning we will probably make an operating profit.


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    IMO there's absolutely no point in guessing. either see the figures for what they are or accept that somebody's opinion is not fact.  this applies to most above too, not picking on anyone
    But yes we are in debt, about 40 million I last saw.
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