i'm really not sure how long 50m is going to last. We lost 14.5m in the last accounts, that presumably including Tony's regular sub from china and the 33m parachute payment. So 18m would have to make up the shortfall in that for a start which leaves 32m. then take off the transfer fees owed and you're probably looking at limping towards September before it went tits-up again.. You'd hope the wage bill will have come down a million or so this month but we have other bills i'm guessing like paying for the pitch. Massive player firesale is the only way he's gonna do it unless he has a buyer.
Scrambling around organising loans and staggering payments and selling off debts, it's fucking shambles.Tony is broke. The bloke is a fraud.
Personally I am not convinced that the notoriously hard nosed businessman that is Daniel Levy has suddenly turned into Father Christmas and is about to give us fifty million quid in cash up front for Jack Grealish. Which is how the media are making it sound. If anything our very public situation is a green light for people to take the piss with low offers for any of our players hoping we are desperate enough to accept.
Quote from: sickbeggar on June 08, 2018, 09:12:44 AMi'm really not sure how long 50m is going to last. We lost 14.5m in the last accounts, that presumably including Tony's regular sub from china and the 33m parachute payment. So 18m would have to make up the shortfall in that for a start which leaves 32m. then take off the transfer fees owed and you're probably looking at limping towards September before it went tits-up again.. You'd hope the wage bill will have come down a million or so this month but we have other bills i'm guessing like paying for the pitch. Massive player firesale is the only way he's gonna do it unless he has a buyer.Well don’t forget revenue starts up again in August.
The really unfortunate thing in all this is we were within a year of finally getting a grip on the financial side.
But wasn't that primarily because Tom Fox did the obvious thing and negotiated relegation triggered wage reductions? (Though I was still surprised about the scale of reductions given some of the wages we seem to be paying)