DC Gunner
Established Member
The BBC quote saysLancelot said:If Edelman's words can be taken seriously, the statement could well be true.thegame24 said:seriously though do we really have that much money, treble the amount of the debts?
From what I understand, the turnover or the net income we received is almost treble the amount we have to repay our debts just for this year and not the entire amount of outstanding debts.
You have to deduct that income by so many things such as taxes, salaries, wages, facilities' maintenance fees and whatnot before you can have a more accurate figure available for the transfer kitty.
At the very least, with such a good level of financial gain, one would think that we should be able to afford an additional player within the range of 15 million quid.
That is about £600-£700 MIL If we were to take the statement @ face value !he revealed that there are significant funds available for the manager as revenue is "more than double, almost treble" the £260m debt on the Emirates Stadium.
What are the Tax laws like in the UK regarding entities having loans+Interest !?