We knew last year that we needed to average around 10k per game as well. People don't normally purchase sports teams to make money, and Terry will know that like most businesses you can't expect to make profits in the first couple of years.
With some solid signings and potentially a place in the playoffs crowds next year should pick up.
I would imagine Terry is taking a bit hit in his other businesses as well.
Property & commercial property rents and sales slumping
No credit/loans available from the banks to initiate new property development.
My understanding that most of Terry's wealth is leveraged in the property he owns/is developing rather than being fluid cash.
I would imagine the funds released to buy & run the Phoenix are guaranteed against the assets of Century City Developments - banks might become a hell of a lot more cautious about lending against a depreciating asset.
ginger_eejit2009-01-22 10:36:44
When Hibs, went up, to win the Scottish Cup - I wisnae there - furfuxake!
