Basically.....

Yr1 IPS: £20m revenue, £30m costs, add'l debt £10m
Yr1 NOR: £20m revenue, £20m costs, no debt change, PROMOTION

Yr2 IPS: £20m revenue, £30m costs, add'l debt £10m
Yr2 NOR: £80m revenue, £55m costs, repay debt £25m

We've repaid our debt, they've added £20m more BUT we've had £75m to spend on "costs", they've only had £60m, which is less than us.

Prem TV Money... and the higher revenue this brings.... is the key!

Posted By: JD3, Oct 23, 12:21:34