Last summer's transfer spending - the facts! (at last)

[mystic megson 0]

Quote from page 40 of the club''s Annual Report 2005, complete and unexpurgated:

35   POST BALANCE SHEET EVENTS

Transfer of players'' registrations

"In the period from 1 June 2005 to 23 September 2005 the club purchased the registrations of a number of individuals at a cost of £788,158.  In some instances, further sums are payable up to a maximum of £262,500, subject to the players making a certain number of appearances and contingent upon certain other events as specified in the transfer documents.

In the period from 1 June 2005 to 23 September 2005 the club transferred the registrations of a number of individuals for total fees of £2,435,000.  Furthermore a sum of £783,750 is due subject to the players making a certain number of appearances and contingent upon certain other events as specified in the transfer documents."

 

Still think we''re not a selling club?  And what happened to ND''s assurance last summer that all proceeds from player sales would be given to NW to spend on transfers?