Home2011/12 Accounts published £13.6m Loss
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- norfolkbluebird
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norfolkbluebird Tue Jan 29, 2013 2:15 am
Must admit, I expected them to be more, £1.6m to Dave J - He didn't even by us a beer on his way out!
Full story: http://www.bbc.co.uk/news/uk-wales-south-east-wales-21198131
Full story: http://www.bbc.co.uk/news/uk-wales-south-east-wales-21198131
- Toast Boy
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Toast Boy Tue Jan 29, 2013 2:23 am
It is all potentially a little worrying. While we are pushing forward and there is no hint of Tan leaving i am not stressing too much but i admit i would love to see the debt (or most of it) turned into equity. At that point i would definitely breathe a sigh of relief.
- Caldi Blue
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Caldi Blue Tue Jan 29, 2013 2:29 am
I'll be honest I don't really understand it all. Most football clubs seem to be in debt, I just dont understand how they (or we) get away with it. Finances and stuff isn't my forteit.
- Tyrion Tannister
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Tyrion Tannister Tue Jan 29, 2013 2:53 am
Caldi Blue wrote:I'll be honest I don't really understand it all. Most football clubs seem to be in debt, I just dont understand how they (or we) get away with it. Finances and stuff isn't my forteit.
I'm with you on this one. I don't think the taxman would take too kindly if I got myself 86 million pounds in debt
- Rhys
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Rhys Tue Jan 29, 2013 3:06 am
As long as its all being serviced then its ok! Not ideal long term though I guess.
- My Name is Still Dave
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My Name is Still Dave Tue Jan 29, 2013 3:15 am
The taxman isn't concerned with loss - only profit - unless of course if the the loss is a 'artificailly constructed loss' a la Starbucks.
- TDA
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TDA Tue Jan 29, 2013 8:55 pm
My Name is Still Dave wrote:The taxman isn't concerned with loss - only profit - unless of course if the the loss is a 'artificailly constructed loss' a la Starbucks.
Very true. I think it would be the banks who would be most concerned...........that'll learn 'em to lend to dodgy enterprises
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