Quote:
>>According to the books Saints estimated total debt is around 900,000.
>I don't trust accountants. their sums never seem to add up to us mere
>mortals. a debt of 900K could actually be anything from 2M in credit to a
>real 3M debt :-)
>>They made a loss last year of 200,000.
>See above comments on accountants - that could be a 1M loss to a 2M
>proffits, hacked for the taxman.
Well you can fool the taxman - but you can never pull the wool over the
eyes of the VATman.
Quote:
>>Which is not bad considering that their financial year stretched back
>>for 18 months a time where they purchased Newlove, Busby, Hammond and
>>others, in addition they like every other club in the SL generated little
>>income in the long off-season.
>so despite all the success, they are STILL losing money? even with the
>additional money in from Murdoch? things are looking bad at knowsley rd.
Well it depends, you can spend money two ways.
1. Spend to acquire new money..
2. Spend to acquire new trophies.
Saints - the former
Wigan - the latter.
Quote:
>>Combine this with the acquisition of Howes' new backroom staff,
>Hasn't a director just quit?
Malcolm Kay - yes he has.
Apparantely he was none too pleased that Saints pulled out of the
Harris deal as he was the man who arranged it all.
Quote:
>(lets see if Mugsy bites :-))
Nah - not today buddy :)
Mugwump.
Quote:
>Paul Matthews
>http://www.triton.u-net.com
!! |-------------------------------------------| !!
!!!! | --iNTERzONE iNcORpOrATED--- | !!!!
/ \ |-------------------------------------------| / \
( O||O ) |"I think it's time for you boys to share my| ( O||O )
( /\ ) |last taste of the true black meat - flesh | ( /\ )
(/##\) |of the giant aquatic Brazilian Centipede" | (/##\)