The People's Forum: Sure, but how can they be allowed to spend annually with that kind of ongoing debt? nt

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Sure, but how can they be allowed to spend annually with that kind of ongoing debt? nt

Posted by Rainhill Runaway

on March 31, 2023, 8:04 am, in reply to "The rules stink but I'd guess"

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Lots of that is debt from the original takeover, their yearly spend in relation to turnover is probably within the rules. Perhaps another factor is other clubs are better creative accounting?

Previous Message

Speaking of tedious...here's Mazzzzzzz

Responses

It’s the cost of servicing it that’s relevant in terms of the rules - machine March 31, 2023, 8:18 am
- Yeah, I understand about keeping up on payments... - Rainhill Runaway March 31, 2023, 8:22 am
  - The leveraged buyout is for ‘reasons’ not treated as an expense so doesn’t count towards a loss - machine March 31, 2023, 8:30 am
    - ...which is why it's all bullshit, really. The rich just get richer. nt. - Rainhill Runaway March 31, 2023, 8:33 am

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