| News Comment | Berra in Scotland Squad at 18:18:25
@Kentish Tractor - I think it's because Hampden Park is being used for the Commonwealth Games. |
| News Comment | MDs: Town Debt Stable at 21:12:25
The amount of debt sitting with the club shouldn't be a source of worry for fans. In fact, it demonstrates the importance of the club to the wider Marcus Evans group. It's likely that ME sees ITFC as a real asset to the group because it generates valuable losses. These losses can then be offset against the profits of the other group companies, providing those other companies with relief against corporation tax to the extent that the club is making a loss. It sounds absurd, but a loss-making entity like ITFC within a corporate group is actuay a real asset. ME would be mad to part with ITFC or call in the debt because the tax relief is too valuable to the rest of his group! |
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