PM SimonOTBC/Legacy Fan re: short term loans >£65m

I was getting my figures from Note 19, which I think you were commenting on too re: secured against future TV and transfer receipts.

How is it not "real debt" though? We've forward-spent £65m of receipts and hardly likely to actually use those future receipts to repay the loans otherwise we'll have no cash to use for day-to-day running of the business/player wages (unless we sell a load of players for decent amounts).

If we don't get promoted, as the future receipts fall off a cliff, we're saddled with that debt then presumably would have to secure it against something else or we're goosed, as we won't be able to repay it.

Just seems like a big number to me given player wages in the Champs are basically equal to income so we can't set aside cash to repay.

If our revenue falls off the cliff too, interest costs would be a decent slug of that.

I'd like to know what the plan is to repay some or why they think the level is sustainable if we stay in the Champs for a couple of seasons.....

Posted By: JD3, Oct 18, 03:07:10