KD the debt figure is grossly inflated ,OSB put a breakdown on a thread in the last couple of weeks ,He has it figured we owe Sisu somewhere around £21-23m. Just took a couple of hours out of here to eat ,lwatched Elbow live @ T in the park ,i recommend it.
I think its correct Stupot and you're right it could easily get manipulated play them for nine /move them on at profit .Stage payments could conversely stop crash and burn tactics from owners like ours before they exit,the benefits spread over the longterm. I know i read that element somewhere...
Think at that point in the seventies they reduced the model range produced there followed by no models produced there ,which left gearbox and engines which is probably what your old fella was involved in.
Don't think this quite represents the whole story . While i see it the way of the article and fear its bad overall and no doubt benifits the great and powerful as usual ,i'm sure i read that these nominated amounts become payable every time the player completes a batch of ten games for the new club.
Have a look in the Board section at the top CCFC92 in the" Losses thread " a couple of us have had a stab at working out where we're at right now,might not be totally accurate but somewhere near.
Points 3 and 7 absolute horse shit ,We know they're for sale contracts or not ,we have at best currently 3 others would be of value to another club ,add Fleck next year.
Murphy ,keogh,Bell ,Baker Mcsheff and Wood Eat up around £2m. before we look at the management ,Matchday staff,Markeing ,commercial costs ,rent ,Ryton ,ACademy.
Sad indeed Marty was a massive employer up to the seventies ,then production started in Poland and it was downhill from there ,along with Matrix tools ,The redundancies started aound mid seventies, my old fella went around that time .
We did'nt sell any of them .our total income now possibly just covers or is a little short of covering player wages ,its the operating costs of everything else we're short of ,£2.5-£3m.that is why we're selling Bigi,Keogh maybe one other,and will probably lose two more big earners.
Wages saved since the last accounts represented by exits for 17 players to now circa £5m.-£5.5m.meaning our current wage bill should be £6m. based on those accounts,Last season should have seen break even with the sale of Juke +Turner.Three saleries added since that breakeven and loss of...