he is actually propping up the scum by underwriting their debts and enabling them to run at a loss every year.
The slightly frightening thing is that we propose to run a self funding, debt free model without the owners putting any money which means that once the parachute payments run out we are likely to have a smaller budget that even the sc*m. We are therefore going to have to be run exceptionally well if we are going to compete.
If our crowds hold up then that gives us a bit more income than them but if we stay down for a few years then crowds will no doubt start to slide as well.
Posted By: Jim, Jul 10, 08:46:21
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