The overall loss increase is, in the main, down to some exceptional items that were necessary in order to help us achieve our strategic business aim of break even by 2009-10. In simple terms, we have taken some pain now for long-term gain. He appreciates that this is a long-term strategy and he supports where we are and where we are going. Bruce Buck
Motivational, Inspirational, Funny Quotes
![[Buck reveals the club was sinking in a quagmire of debt.] I personally was surprised, ... They had a ã75m Eurobond outstanding and it was perfectly clear to the markets that they might have trouble making the July payment. [The then chief executive] Trevor Birch had been in discussions for some time about restructuring that bond. The financial community as opposed to the football community knew there were some real issues. - Bruce Buck Quotes](/pic/img/img.php?text=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&author=ICBCcnVjZSBCdWNrICAgIA==&num=12 "[Buck reveals the club was sinking in a quagmire of debt.] I personally was surprised, ... They had a ã75m Eurobond outstanding and it was perfectly clear to the markets that they might have trouble making the July payment. [The then chief executive] Trevor Birch had been in discussions for some time about restructuring that bond. The financial community as opposed to the football community knew there were some real issues. - Bruce Buck Quotes")
![[During July 2003, Abramovich paid a 15p-per-share premium on the trading price of a fortnight previously. Even the ã17m this netted Ken Bates was initially insufficient for the then chairman.] I'm told he said he wanted more money, ... and Trevor said, 'Don't be ridiculous, this is more than you could have imagined'. - Bruce Buck Quotes](/pic/img/img.php?text=W0R1cmluZyBKdWx5IDIwMDMsIEFicmFtb3ZpY2ggcGFpZCBhIDE1cC1wZXItc2hhcmUgcHJlbWl1bSBvbiB0aGUgdHJhZGluZyBwcmljZSBvZiBhIGZvcnRuaWdodCBwcmV2aW91c2x5LiBFdmVuIHRoZSDDg8KCw4LCozE3bSB0aGlzIG5ldHRlZCBLZW4gQmF0ZXMgd2FzIGluaXRpYWxseSBpbnN1ZmZpY2llbnQgZm9yIHRoZSB0aGVuIGNoYWlybWFuLl0gSSdtIHRvbGQgaGUgc2FpZCBoZSB3YW50ZWQgbW9yZSBtb25leSwgLi4uIGFuZCBUcmV2b3Igc2FpZCwgJ0Rvbid0IGJlIHJpZGljdWxvdXMsIHRoaXMgaXMgbW9yZSB0aGFuIHlvdSBjb3VsZCBoYXZlIGltYWdpbmVkJy4g&author=ICBCcnVjZSBCdWNrICAgIA==&num=5 "[During July 2003, Abramovich paid a 15p-per-share premium on the trading price of a fortnight previously. Even the ã17m this netted Ken Bates was initially insufficient for the then chairman.] I'm told he said he wanted more money, ... and Trevor said, 'Don't be ridiculous, this is more than you could have imagined'. - Bruce Buck Quotes")
