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Debt
#6
Matts figure are quite a bit off the mark. Wages and NI were £4.4 million not just over £3mill. Apparently during the year we paid off an ex directors loan in full £85k and paid out £250k in interest on the remaining loans. We also paid money out for players (Clucas £80k). Dave Allen had to put in an extra £600k in loans during the year and other directors put in £25k. The rest went on stadium upkeep etc.
Interesting thing is that if it hadnt have been for the sale of Doyle and Cooper, our turnover last year would have been considerably down on the year before. Our operating costs were up considerably as a percentage.
You can see why players were sold this year. Dave Allen must regret ever having got involved with us.
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Debt - by spireitematt - 20-10-2015, 17:27
RE: Debt - by bluepooch - 21-10-2015, 13:50
RE: Debt - by spireitematt - 21-10-2015, 16:29
RE: Debt - by Devongone - 22-10-2015, 12:11
RE: Debt - by bluepooch - 23-10-2015, 01:32
RE: Debt - by Dancingwilldoit - 23-10-2015, 14:31
RE: Debt - by Devongone - 23-10-2015, 18:50
RE: Debt - by spireitematt - 23-07-2016, 13:42

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