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Re: 2016 accounts
Posted by: Aldo'smuzzy
Date: 14/09/2017 20:07
It's not that bad Higgo, though it has the potential to be.

Palios said from day 1 his aim was to get the club self-sufficient and that he wasn't going to throw too much of his own money at it. The accounts don't raise any concerns that he's deviated from that.

To achieve this meant developing new income streams. He's had to spend money up front on getting that going because we had no non-football income streams and obviously these things don't just start generating money by magic.

We know we got hammered by Wirral Live but we don't yet know what the Riverhill is going to contribute (all profits will go to the club, according to the accounts), we don't know what China will generate and we don't yet know what the suites etc at Prenton Park have been generating. If these all go belly up - or, heaven forbid, we abandoned these activities to throw the cash at the team for what would effectively be a sh*t or bust crack at promotion - then we'd have a very serious problem.

In the absence of non-football revenues, we all complained at PJ for not investing more when we were treading water in League 1, and then we dropped like a stone. We can't get into that situation again. Palios has set out his strategy to make sure we don't and is working towards it. Despite Wirral Live, it's still too early to say how successful that strategy will be.

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