Macca Ha Ha Ha
16th November 2008, 11:52 AM
Debt table - link on BCST site to local news down that way says the Chairboys have some £7m of debt accumulated - not bad for a side that struggles to get more than 5,000 crowds - someone wanting to take control of the club to negate the possibility of adminsitration rearing it's ugly head.
Sides like ourselves, Rochdale, Bury all in the black relatively speaking, Darlo were as we know heavily financed by Directors last season - cutbacks this time but doing well.
Interesting point on Bury - apart from a £250k mortgage on their ground they are sound, Dale likewise are well run and cautious (37 years in Legaue 2)
Grimsby and few others carrying smaller debts.
Seems League 2 is a haven of financial expertise bar a couple of clubs - Gills being the other with £4m + of debt, they sold their ground to ease the burden (sounds familar!).
Sides like ourselves, Rochdale, Bury all in the black relatively speaking, Darlo were as we know heavily financed by Directors last season - cutbacks this time but doing well.
Interesting point on Bury - apart from a £250k mortgage on their ground they are sound, Dale likewise are well run and cautious (37 years in Legaue 2)
Grimsby and few others carrying smaller debts.
Seems League 2 is a haven of financial expertise bar a couple of clubs - Gills being the other with £4m + of debt, they sold their ground to ease the burden (sounds familar!).