shefcanary 2,394 Posted March 18, 2009 It probably escaped th notice of all the "non-football" investment haters on this forum, but the news of the Travel Subsidiary being wound up surely does point to the Board and even old Doomy reviewing these type of investments for profitability and cash flow generation, and reacting accordingly. I am sorry for the employees that are affected by this but surely it does point to the fact that prudence does apply to non-football investment too and the PLC is not continuing to pour good money into non-core activity. Or is it just that the Board are finally taking notice of you guys and moving back to core? Share this post Link to post Share on other sites
James Kent 0 Posted March 18, 2009 In the current climate it''s very difficult for any sort of business to remain profitable.I think the club has taken the view that it''s best to close it than allow it to drain club resources. Share this post Link to post Share on other sites
Tangible Fixed Assets anyone? 0 Posted March 18, 2009 [quote user="shefcanary"]It probably escaped th notice of all the "non-football" investment haters on this forum, but the news of the Travel Subsidiary being wound up surely does point to the Board and even old Doomy reviewing these type of investments for profitability and cash flow generation, and reacting accordingly. I am sorry for the employees that are affected by this but surely it does point to the fact that prudence does apply to non-football investment too and the PLC is not continuing to pour good money into non-core activity. Or is it just that the Board are finally taking notice of you guys and moving back to core?[/quote]I thought it was a travel agency (located in the GW stand) run by a third party and NCFC get a % of the profits. Thus it is not managed by NCFC and NCFC do not exert any management control, i.e., do not make the decision to close it! Share this post Link to post Share on other sites
grantroederdisaster 0 Posted March 18, 2009 Disapointing for the 4 employees of Travel Norwich City but if it wasn''t making money then the club is right to close it down! I used it a couple of times in the early days but found that I could book much cheaper online! Share this post Link to post Share on other sites
