freelander2, on 22 November 2014 - 09:07 PM, said:
Even if we'd achieved 7K last season, we still would have reported a loss in the region of £650K!
Our overheads this season will be greater than last term, so it's hardly surprising Phil stopped you in your tracks!
It'll take more than a glum looking Director
Why will the overheads be greater?. There are no bonuses for a start - and even if there were, the reason would be that we are in the top 6.
I'm sure the Board has nominated someone to work closely with the Council with joint ideas for cancelling their loan, because they've surely realised that that's what's needed - continuous dialogue.
I'm also awaiting feedback on my idea, which I've sent to Ashley, that the Trust is now well capable, with it's guaranteed income over the next 25 years, of obtaining a bog standard commercial mortgage so that it can repay it's debt to CFC. A cool £900k (give or take).