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Will Bruce's pay off be included?
Results only made up till 31st July 2011 so won't be.Will Bruce's pay off be included?
How do you work that out?Interesting that we're still paying for Welbeck and the other loan deals.
They seem promising, but it's clear that we need a better sponsorship deal.
How do you work that out?
Interesting that we're still paying for Welbeck and the other loan deals.
They seem promising, but it's clear that we need a better sponsorship deal.
Not bothered
Operating loss will be turnover less operating expenses (Staff Costs, amortisation and impairment of players contracts, plus other operating expenses)."The overall loss for the financial year ending July 31st 2011 was reduced by 72% to £7.8m - £20.1m less than the previous year's figure of £27.9m.
The club's operating expenses, which include areas such as staff/player wages, match costs and utilities rose to £110.7m, which resulted in a net operating loss of £31.2m."
Someone explain how it reckons we lost £7.8m, but then the next par down says we lost £31.2m?