Don't be silly

I will ask Mrs B then.

You really are clueless.

You do yourself a disservice:



from the Wilf thread. Of course the 2009 figures are not included, but the East stand extension will be capital investment, will it? While the club continues to run at a loss debt will likely grow, you have me there.

Quite the opposite, If it's owed to the directors they have direct control of when,if or how the debt is repaid. If it's owed to someone else you don't get that choice.

Absolutely, which is why its always better to owe money to your directors/shareholders than to a bank.

I see.....But in the long term and with the debt getting bigger how do the directors get their money back and still keep the club afloat?.I can't see that they will ever get 10,000 plus crowds,which they have never had in their history,plus big sponsorship to turn the debt around?.

Don't often post on your board but where has this "ignoring accountants advice" thing come from, I don't remember reading it anywhere. As previously stated its not relevant to profit and loss anyway just the valuation of the company.

It is a 'qualified opinion arising from disagreement over accounting treatment'.

It also overstates Fixed Assets by something to the order of around 75%.

What does it state these fixed assets at? What are the fixed assets? How do you know it overstates them? I'm interested to know?