IndoMike
Very well known Exeweb poster
To avoid any misunderstanding, let me reiterate. My understanding is that our standard operational loss is around 500k per annum. But transfer fees in the last few years have helped to cover that loss plus have some leftovers. And I assume that is why we are so prudent regarding signings - but not with Tisdale and his clan's salary.I'm not a qualified accountant, but I sincerely hope you are wrong. Is not our operational loss allowed/budgeted for only because we have made recent sales? There is no guarantee that these will continue and if they do not we will have to cut our cloth accordingly.
I assume that is why we were broke a couple of seasons ago and the club had to ask for a loan from the Trust which suddenly became a gift. We know it's difficult for most Div 2 clubs to survive.
But I also state that my memory might be playing up and I might have got the wrong end of the stick, which is why I said it would be good if one of our many Exeweb accountants could confirm if I am right or wrong.