Betty,
One tiny little word acts as his get out clause there mate ... old.
>
> -----Original Message-----
> From: [EMAIL PROTECTED]
> [mailto:[EMAIL PROTECTED] On Behalf Of John Boocock
> Sent: 09 May 2007 22:32
> To: [email protected]
> Subject: [LU] 32 Million My A*rse
>
> And just in case you are worrying about 32 million pounds worth of debt:
>
> here's what Ken The Truth Bates said in September 2006 in his
> programme notes:
> ===============================================================
>
> So, at the end of the Kevin Blackwell era, where are we? A lot has
> been achieved since 2004. Of our 24 strong squad (excluding 2
> goalkeepers who dont count for this calculation) 16 are under 30,
> some are very young. The Academy is one of the best in the country
> (Chelsea can testify to that). We have greatly reduced our costs and
> improved the efficiency of the Clubs administration, we have taken
> the programme and Leeds Leeds Leeds back in house. We now run our
> official website and have our own Radio Station, the Merchandising
> has improved both in quality and choice which reflects in our
> increased sales and we have successfully launched Leeds Members Club.
> We have spent nearly £5m on the Stadium which was falling apart and
> greatly improved facilities for fans.
>
> At 30th September our old debt will have been reduced to £6.581m as
> detailed below and we are owed money from Chelsea for stealing Woods
> and Taiwo. Next season our wage bill will halve. We have achieved a
> great deal and have much to be proud of.
>
> £m
> PAYE/VAT 3.2
> Ex Players 2.61
> £5.81m
>
> Surely administration should never have been on the cards or do
> improvement, efficiency and achievement mean something else to a tax
> exile?
>
> Betty
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