[St Charles Owl]

It's not really about losses/profit it's cash flow.
Back then we might not have been losing money but we also weren't making the money to keep paying the tax man/players wages/up keep of facilities (Hillsborough and middlewood road). Now we're losing money year on year but we have the funds there to be able to pay these things.
This is largely down to having 1 owner who is willing to take the debt on himself and not bitch and moan about it, rather than 6/7 directors who didn't give a shit and left us to rot in the gutter

I agree that MM is running the club better than it was before but it still begs the question that with our increased revenue via being in the Championship and TV income and with our wage bill not being that high compared to others, why are we losing as much as 6m per year?? It certainly isn't being spent on the ground, nor middlewood road and while yes we have a scouting and academy set up now, that shouldn't be making that much difference. For me the numbers don't add up and I do wonder how much money is going out of the club??

And we don't have the funds to pay what we are paying if we are losing 6m per year!!! Thats a 30% loss with our current revenues, if god forbid MM was to croak tomorrow we would be seriously in debt very quickly!!