When the stadium is built, an estimate is made as to how long the useful life of the asset will be (say 100 years). One method is then to depreciate the asset by 1/100th every year, with that amount being offset against profits. Its a crude estimate but it does have a real impact on profits...
By 'operating profit', i mean earnings before interest, tax, depreciation and amortisation anyway. And I would be surprised to see us making an operating loss simply based on my crude estimates of the core business (gates/ merchandising/etc).
Since Bloom is owner and lender, all im saying is...
What expenses are we talking though here? I would like the see the accounts but im fairly sure we'll be turning an operating profit, but posting a loss as a result of debt servicing the capital and interest repayments on the money Bloom fronted. Seeing as Bloom basically is the business, that...