I'm out of date, having been out of the country since June 1997, but:
- Planning permissions
Not sure to be honest. I see no reason why they cannot be capitalised once permission is gained or if it is expected. That would mean that until the Stadium is built, no corporation tax or capital...
Losing money and being in the red are very different things. Losing money is P&L, red/black status is balance sheet.
I would imagine we are in the black as regards debt. Our funding comes through equity AFAIK. Or long term debt at the most. Once Falmer gets built, we will be in the red - but...