Bush wrote:A 350k loss in one year would suggest its not well run. I don’t think any trust run club at our size will ever be well run no. The proof is in the pudding and a year without extraordinary funds results in a loss that’s 3 times more than the amount of money that put this club under previously.Jimmy Exile wrote:I just looked at the accounts. I may have it wrong as am no accountant but do you mean the bank loan that was 93 grand in 2016 and now is 42 grand? Didn't we know about this when the trust boys took over and it was existing debt that is being reduced every month?Bush wrote:No one on that board is liable for any debt. Old, present or new debt. If we lose more than 350k next year how many will stick around? It still boils down to people are making decisions financially not with their money. This club is not debt free. How much do we owe the WRU for a start.
How much do we owe Hartlepool for amond? Is that not a debt?
What is the bank loan in the accounts? Is that not a debt?
Bankoverdraft is that not a debt?
how do you know we owe Hartlepool for amond? also do you think the club is being run well at the moment in general?
My guess is if you look at how much we bring in via the rewards and benefit scheme you will really see how much the fans of Newport county don’t want to be fan owned.
You could also argue that the £350k loss was extraordinary because of the situation. Most supporters wanted Feeney sacked , most wanted Westly appointed. This was the catalyst for the downward spiral that the majority were in favour of. I agree about the trust model not being viable , but what is the alternative? The businessmen / consortium do not seem that interested now they have seen how difficult it is, how much money they would have to find to rectify a wrong managerial appointment and how much criticism they would receive.