brawler Posted November 6, 2011 Share Posted November 6, 2011 Right i have a career with fulham, i have 22 mill in the bank due to selling players, but my status is still showing as insecure despite me making a 2.8 mill profit last month. The board injected 250k to help with running costs which i dont need. Is this a bug? Link to post Share on other sites More sharing options...
Motherlover Posted November 6, 2011 Share Posted November 6, 2011 I wonder if it's to do with the size of your loan debt? I have 11m in the bank with Bolton, am spending less than half of my wage budget and just got promotion to the premier league, but my status is still listed as 'insecure' and i'm constantly hearing references to how 'cash-strapped' we are :-| Link to post Share on other sites More sharing options...
sebj Posted November 6, 2011 Share Posted November 6, 2011 The expenditure of the club is taken into account, i.e, wages and other ongoing costs like loans etc, hence Man Utd are often listed as financially 'ok' or stable despite their massive turnover and balance Link to post Share on other sites More sharing options...
Cougar2010 Posted November 6, 2011 Share Posted November 6, 2011 Right i have a career with fulham, i have 22 mill in the bank due to selling players, but my status is still showing as insecure despite me making a 2.8 mill profit last month. The board injected 250k to help with running costs which i dont need. Is this a bug? You made a 2.8m profit last month but how much did you make selling players? Presuming it was more than 2.8m than you would have made a loss without selling the players and you can't sell players every month. What about loans? Do you have any outstanding? How much in total? How much do you repay each month? Link to post Share on other sites More sharing options...
mije1983 Posted November 6, 2011 Share Posted November 6, 2011 I wonder if it's to do with the size of your loan debt? Pretty much this. For example if I have £250,000 in my bank account my finances could still be bad if I've got a £5million loan from the bank. Link to post Share on other sites More sharing options...
brawler Posted November 8, 2011 Author Share Posted November 8, 2011 About 178 million in debt but its a loan from the chairman that doesn't need paying back till next year in lump sums of 800k a month. Just had a cash injection of 3.7 million to save the club from receivership, despite me having 20 million in the bank and making a profit each month (without selling players), just doesn't make sense Link to post Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.