It's a business. And there is no point milking any subsidiaries causing them to fail. Once they are generating supernormal profits, then it can have those.
-----Original Message----- From: Ian Murray [mailto:[email protected]] Sent: 19 January 2012 19:08 To: Mark Humphries Cc: DAVID NATTAN; list leedslist Subject: Re: [LU] Leedslist Digest, Vol 19, Issue 50 Key word - generally. This is not a common or garden business. It is a football club. Sent from my iPhone On 19 Jan 2012, at 18:49, "Mark Humphries" <[email protected]> wrote: > Disagreed I am afraid. > > Subsidiaries should generally be left to be self sufficient, their own > separate cost centre. If you strip their profits so they cannot > reinvest/grow, then they will die off. > > Only when you get supernormal profits should you think about > subsidising the other parts of the business. > > IMO! > > > -----Original Message----- > From: [email protected] > [mailto:[email protected]] On Behalf Of DAVID NATTAN > Sent: 19 January 2012 17:05 > To: list leedslist > Subject: Re: [LU] Leedslist Digest, Vol 19, Issue 50 > - but what is clear is that any profits that these 'subsidiaries' > bring in MUST be spent on our core business which is Leeds United > Football Club > > _______________________________________________ > Leedslist mailing list > Info and options: > http://mailman.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > PETE CASS (1962 - 2011) Rest In Peace Mate > _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
