We are 3 million in debt!

[Deleted member 1466]

http://news.bbc.co.uk/sport1/hi/football/teams/s/sheff_utd/7754524.stm

why not just pay it off?

 

[Sensiblade]

Because companies on the stock market benefit from having some debt due to paying lower taxes.

 

[SouthEssexBlade]

^^ What he said^^

Companies have to have a nominal debt ( a % of turnover) to qualify for the tax relief. We must have a decent turnover

 

[derrywan]

that's a pretty decent set of figures really. The year on year drop is not that bad at all, considering.

 

[Pastyblade]

They'll carry the debt forwards and offset it against next years profits (if any).

 

[beightonblade]

If yer believe them...............yer'll believe owt ! ..........so i'm told.

 

[silverfox]

If yer believe them...............yer'll believe owt ! ..........so i'm told.

If you have no faith in what is happening and you don't think the truth is being told why do you still go to the Lane?

Surely if you believe what you say why would you waste your time and cash?

 

[dingledog]

thats smaller than my overdraft!!!!!