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Masters of Mismanagement

Masters of Mismanagement

Saturday`s Chronicle stoked the pre-match fires by printed details of the disastrous mismanagement of the company finances by Messer`s Shepherd and Hall. Hall took an amazing £1.6m out of the club in the final year, with many of the directors also pillaging the club for redundancy packages. Fighting takeovers and paying back MGM cost the club nearly £10m whilst wages grew by a similar amount, putting the club in real danger. Luckily Mike cleared the debt when he came in…

Writer:Ross Molyneux
Date:Monday March 3 2008
Time: 12:01PM

Comments

0
Relegated and bankrupt WOW what an achievement.
TergeHauge
03/03/2008 22:41:00
0
Looks like things are going a bit pear shaped here...Money will kill our game, thats for sure.
Blue is the colour
04/03/2008 20:31:00
0
Not really - Ashley has paid off the debt in an Abramovich-esque way so it's start afresh, unlike the likes of the Scousers / Man Utd who are saddled with high interest debt.
SirLes
05/03/2008 07:58:00
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