Question about DD

[Jeff]

You have all the answers don't you.

[DA11]

Originally Posted By: Jeff

You have all the answers don't you.

They call him 'Mini Will'

[Uncle Urchin]

Originally Posted By: doheochai

The rules of MyFC prohibit it from incurring any debt for the club. In other words the club has to, at least, balance it's budget while MyFC are in ownership.

Originally Posted By: Jeff

You have all the answers don't you.

no he doesn't jeff...he just thinks he does...the same disciplines apply to all companies but that doesn't stop them geting into debt does it...as an insolvency specialist I have bought and sold 100's of insolvent companies and they all had the same restrictions.....still happened to 'em tho'...

[PatMan]

Originally Posted By: Jeff

You have all the answers don't you.

To be fair, its a question that gets asked on a very regualr basis here.

[doheochai]

Originally Posted By: Jeff

You have all the answers don't you.

No.

[Uncle Urchin]

Originally Posted By: Jeff

You have all the answers don't you.

Originally Posted By: doheochai

No.

crikey....thats a first...

[Santa]

Originally Posted By: Uncle Urchin

but with the sort of money being talked of here being raised by members on an annual basis I doubt that anyone should worry too much about that side of things....7/800k a year could run a league outfit (so long as they all stay when they find out that they cannot pick the team)....

UU I think you wil find the average turnover of a league 2 club is significantly more than 7/800k

[Uncle Urchin]

Originally Posted By: Santa

Originally Posted By: Uncle Urchin

but with the sort of money being talked of here being raised by members on an annual basis I doubt that anyone should worry too much about that side of things....7/800k a year could run a league outfit (so long as they all stay when they find out that they cannot pick the team)....

UU I think you wil find the average turnover of a league 2 club is significantly more than 7/800k

I never mentioned the average turnover...I was referring to the 7/800k per annum from fcmyfc...which is what is suggested is it not on an annual basis...?