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It seemed to me that you were switching between the two but using the same figure. The £14.8m figure is the loss posted by the BHA FC Ltd (00081077) at CH for 2012/13. OK. He gave his opinion based on the club's forecasts at that point in time. In my experience business forecasts are...

1) An annual business loss and losses "allowable" under FFP are not the same thing. 2) Paul Barber's comment is shot in time, applicable to the financial position at the time he made it; the financial year to which it relates doesn't end for another 55 days so who knows? 3) The permitted loss...

It was around that in League one; currently the football club operation's losses are running at £14.8m/pa, excluding anything attributable the stadium itself and the Lancing Training facility (because the football club doesn't own either). I don't know but maybe the Board may wish to reduce...