BeardyGuts 6 Posted January 14, 2013 Share Posted January 14, 2013 Yip, they didn't. By their rational, none of us would have a credit card or mortgage. The world revolves around debt, especially football. You pay your mortgage for the goal of eventually owning the house and being debt free. We are now debt free and own our house so why on earth you would want to borrow now is beyond me. So we overspend and end up in debt, what do we do then? Continue to take on more debt and spend more? The fact is eventually we will need to pay this back by cost cutting or we will end up in the same state again. Doing this in football is a massive, massive gamble, spending money is no guarantee of success. So what happens then if we are unsuccessful? Spend more?.... 0 Quote Link to post Share on other sites More sharing options...
kuznetsov 0 Posted January 14, 2013 Share Posted January 14, 2013 (edited) The world also revolved around being financially stable. I find it astounding how the mess we got into has just been forgotten, again it's all about beating Celtic? Why can we not get ourselves established, and if they have a long period of dominance sobeit? History shows the balance of power always shifts. that is a quicker way back down the pan than going into debt mate. no way would fans buy into that. Edited January 14, 2013 by kuznetsov 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 14, 2013 Share Posted January 14, 2013 The million dollar question, is where is the other 67% going? Painting Ibrox every 5 years? well you do need 30 to 40% to covers other costs. vat tax that kind of thing. 0 Quote Link to post Share on other sites More sharing options...
kuznetsov 0 Posted January 14, 2013 Share Posted January 14, 2013 You pay your mortgage for the goal of eventually owning the house and being debt free. We are now debt free and own our house so why on earth you would want to borrow now is beyond me. So we overspend and end up in debt, what do we do then? Continue to take on more debt and spend more? The fact is eventually we will need to pay this back by cost cutting or we will end up in the same state again. Doing this in football is a massive, massive gamble, spending money is no guarantee of success. So what happens then if we are unsuccessful? Spend more?.... hes asking to see the deeds. 0 Quote Link to post Share on other sites More sharing options...
kuznetsov 0 Posted January 14, 2013 Share Posted January 14, 2013 You pay your mortgage for the goal of eventually owning the house and being debt free. We are now debt free and own our house so why on earth you would want to borrow now is beyond me. So we overspend and end up in debt, what do we do then? Continue to take on more debt and spend more? The fact is eventually we will need to pay this back by cost cutting or we will end up in the same state again. Doing this in football is a massive, massive gamble, spending money is no guarantee of success. So what happens then if we are unsuccessful? Spend more?.... find a better manager. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 14, 2013 Share Posted January 14, 2013 The world also revolved around being financially stable. I find it astounding how the mess we got into has just been forgotten, again it's all about beating Celtic? Why can we not get ourselves established, and if they have a long period of dominance sobeit? History shows the balance of power always shifts. finacially stable and turning a big profit to allow a return on investment are two different things. are you really saying its ok if celtc dominate so these guys get a return. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted January 14, 2013 Share Posted January 14, 2013 that is a quicker way back down the pan than going into debt mate. no way would fans buy into that. How did the club survive the 80s then? 0 Quote Link to post Share on other sites More sharing options...
BeardyGuts 6 Posted January 14, 2013 Share Posted January 14, 2013 find a better manager. costs money to sack a manager and costs to hire one 0 Quote Link to post Share on other sites More sharing options...
ComeOffit 0 Posted January 14, 2013 Share Posted January 14, 2013 How did the club survive the 80s then? Lol, do you remember the eighties? You really want that scenario back? 0 Quote Link to post Share on other sites More sharing options...
ComeOffit 0 Posted January 14, 2013 Share Posted January 14, 2013 well you do need 30 to 40% to covers other costs. vat tax that kind of thing. Which leaves 20/30% for "others". Dividends maybe..... 0 Quote Link to post Share on other sites More sharing options...
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