Reply With QuoteJust shows the utter absurdity of modern football finances - Steve Gibson writing off £148m of debt, and stumped up a further £90m to buy shares. That's practically a quarter of a billion pounds !!Originally Posted by TWGL1
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Just shows the utter absurdity of modern football finances - Steve Gibson writing off £148m of debt, and stumped up a further £90m to buy shares. That's practically a quarter of a billion pounds !!
It does indeed, and how long is it before a championship club is liquidated?
Wage should not exceed turnover at all and nearly all clubs are still doing business this way.
On This Day in 1961:
The maximum wage was abolished in English football. The most a footballer could be paid was £20 a week.
Johnny Haynes, to become the first £100 a week footballer in England.
How times have changed !
Preston, generally reckoned to be quite a sensibly run club, have lost £29 million in the last two years
He made much more than that selling car repair manuals.
Blimey, those websites make Wales Online look almost easy to use.
Post warnockness? When were they last in the PL?
Preston, generally reckoned to be quite a sensibly run club, have lost £29 million in the last two years
The May 2022 accounts haven`t yet been published but i suspect our losses were higher over the same period.
Colin didn`t last very long there. With his football knowledge I suspect Steve Gibson challenged some of his activities in greater depth and far quicker than CCFC did.
Can you elaborate on that ?
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