Is Paul a gooner! We are one of the best run teams not just in England but in the world every year we make a profit and the organisation behind us is second to none. I doubt we will be doing a Portsmouth anytime soon so I'd rest easy on that one.
Plus we are ultimately owned by a Spurs Supporting Billionaire !!!!!
1.The Billionaire doesn't put any of his own cash into the club. It's a business, as simple as that.
2.We do make Profit but sometimes using very clever accounting, I won't bore you with the details but they figures are not always what they seem. I think we have total debt (borrowed from our holding company, again too long to explain) of about £50mill. This figure alone is peanuts to a club with our turnover but debt is debt and someone will come calling looking for the cash one day.
3.The new stadium will really change the dynamics of our finances, short term pain= long term gain. The key to success in this is trying to do what 'that shower that never win anything' are trying to do and get as much paid back as early as possible otherwise debt repayments kill you.
4.Anyone that says Harry will ruin us is speaking tabloid and other fans forum b*llocks simply because we won't let him spend spend spend like others. Our salary/turnover ratio is fantastic and we be trying to keep it that way.
Can't believe i am making posts and numbering points, turning into such a geek!!