23 May 2013 10:49:42
i see people on here making claims about managers, players etc, and now that we are not looking to sell as we have made a profit!
not having a go at anyone but the latter can not be right! BK and co, has publicly let it be known that we opperate in 5 mil a year loss. this year we have had no major big cup runs that would impact that much, no europe, attendance was down on previous year (seen average for last 2 seasons some where but can not remember) so were do we suddenly make up that 5 million? new tv money; when it was made public the amount, it was explained that this new money would be worth around 12 million a year to clubs in the prem, now my maths nothing special, but that gives us 7 million a year in the black, minus the 5 loss we opperate on, for a change, ok some profit, but if 20 million needed for transfers that 7 mil goes nowhere, so why all of a sudden would the board not want to sell or seek investment!
like I say, not saying people are wrong, but simple maths do not show us as a club that is making people money, that they all of a sudden want to keep. don't let our heads get too much in the clouds guys, remember its a rumour site with some silly and funny things posted, and anyone whos anyone can post here!

1.) 23 May 2013
I think the original post has some interesting points. I'd add that the servicing and repayment of our debts is surely dependent (without additional external investment that is) on our future income streams and I doubt there'll be much of the TV money, etc. , left over for major transfer spending once we cover our operating costs and then comply with financial fair play re debt/loss reduction. Goodness knows how much of the club's assets were used as collateral for the loans.
Besides, while we remain an indebted club without a modern stadium, we'll also surely remain unattractive to potential investors. Catch-22!

2.) 23 May 2013
One correction to original poster. Attendance was up 3k per game on last year but that is only worth c. £1m assuming a mix of adult, junior etc. TV revenue is also up as we had more tv appearances. Wage bill should have been flat as we were very careful with the squad. However the general point that maybe, in a good year, we break even before transfers still holds. The money for summer transfers will come from the new tv deal (and player sales) not because we did well in 2012/13 financially.