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The first year of that is when Hicks and Gillet were fucking our club, Henry and co have turned things around with more revenue streams etc
As the article says they'll write it off as stadium investment... nothing to see here
In short
Projected loss for 2011/12, 12/13 and 13/14 seasons: £83m
Exclusions:
Youth and Community costs: £18.9m
Depreciation: £9.6m
Wage exclusion: £50m
Total exclusions: £78.5m
- Readjusted loss total: £4.5m
Clever_Pun
@jaw
Where are all the kopite whoppers to criticise big spending clubs for financial doping?
Oh, wait....