What I cannot fathom I'd how our debt was unmanageable yet smaller than most teams on the PL today.
Sent from my iPhone. D"r Michael Benjamin. Community Psychiatrist. On 21 Sep 2011, at 15:35, [email protected] wrote: > > > >>> I agree, Tim, and the Ridsdale 'gamble', whilst foolish in hindsight, > was founded on the naming rights of the 'new' stadium, which had 9/11 and > the > subsequent advertising recession, which killed ITV Digital, not happened > would have led to us playing at the XBox stadium. << > > > > IIRC the plan was to fund the new stadium entirely via naming rights, and > presumably a property play at ER. It would have given us a bigger ground in > a more remote location. Wouldn't have helped that much, though. The new > ground would still have had running costs, and the turnover wouldn't have > increased that much. Would we have filled a 50,000-seater ever week? Players' > > wages would still have been out of control, and we'd still have crashed - > probably before "Ridsdale's Folly" had been built. > > >>> As for his financial mismanagement being criminal, sorry but it doesn't > even compare with Lehman, AIG, RBS and f'ing Greece. << > > > It was actually short of criminal. Just incompetent. I don't deny Ridsdale > had good intentions, unlike the banks. He was just a useless business > manager. > > > > > _______________________________________________ > Leedslist mailing list > Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > MARCHING ON TOGETHER (There's it) > _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER (There's it)
