With low interest rates it makes sense to borrow the money for the stadium work, unless the business was awash with cash - which it isn't.
We don't know how much is being spent on the stand - I'd be surprised it's that much more than 5 million pounds. Wages and associated costs seem to be above budget so it's just as well there's some headroom in the figures. It looks like a good set of figures that would make us attractive to an investor. Especially if you could add premiership revenue to them. But equally there's not enough money at the moment to go buying ER and TA back. Now it's just a case of overhauling four of the six teams above us. Six points in seven games. Come on Colin, work your magic... Sent using BlackBerry® from Orange -----Original Message----- From: "Paul Cundell" <[email protected]> Sender: [email protected] Date: Fri, 30 Mar 2012 21:00:09 To: <[email protected]> Subject: Re: [LU] What does this all mean? Mark Bursa wrote: > The figures also confirm what I'd previously speculated - that the East Stand > development is being done with borrowed money, not from club turnover - so it > has no effect on transfer budgets. Not strictly true - the £5m facility will 'part-fund' the development. IMHO it confirms that as suggested earlier this season our expenditure on players AND management was around 33% of turnover - note this is expenditure NOT just salaries. Bates claimed earlier this year that the player expenditure budget was £9m for this season. These figures would appear to suggest that Bates budgeted to spend less on player expenditure this season than was spent last season. The difference probably intended to part-fund the aforementioned development but that's just my cynicism. Cheers Paul _______________________________________________ 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
