Quote:
Originally Posted by Corner Flag
Love to know where all that money went , sounds like a tax fiddle to me .
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Massively overpaying wages I'd imagine.
The money was introduced as share capital so the yearly losses have been depleting it although they probably still have about £2.5m left in the shareholders funds if you extrapolate the figures from the last published accounts.
This is why they are debt free, however, if they continue to operate with the same losses of previous seasons they'll be broke by next summer.