I agree it is hard to do. The variance between clubs is startling; Watford can up with modest cumulative losses of a few million, while their last accounts show they re profitable with £3mill+ of shareholder's funds. The ability to make chunks out of cumulative losses at our level is to be...
So in our promotion season we lost £36mill, bringing cumulative losses to just over £127mill.
This puts Chris Hughton's tactics into some kind of perspective because with just a few seasons in the Prem you can pay off a huge chunk of those losses.
Interestingly, Bournemouth got promoted...