Isn't that just the same debt that was raised against the parachute payments?

And was then refinanced by Attansio?

The accounts state that all of that debt is due to be repaid by March 2024 (as the cash that it is raised against is received).

My impression of the club finances was that Aarons and Omobamidele were sold to raise the additional cash needed for working capital this season. With the amounts borrowed against future parachute payments and transfer instalments (now owed to Attansio) to be repaid when those funds are received.

Clearly, if that's not the case and those amounts are instead going to become long-term structural loans, that would be concerning, and Old Splat would be correct that we have massive debt.

Posted By: SimonOTBC, Oct 11, 12:47:22