The 115% wages to turnover in the 2014 accounts was only the start; subsequent years were 156.7%, 132.1%, 131.6%, 137.0%, 143.0% before the funds dried up to 77.8% in 2020.
If I had to choose between the ‘astute businessman’ and the ‘hobbyist’, I know who I think has been the better custodian of the club over the years…