On the bright side that estimate 5m a month loss includes wages of the loan players and the players who are out of contract, so it'll only be 3.5m a month come end of july...
Taking a loan to pay a debt is not good.It does not mean the debt is gone, it just means it’s moved and it’s now bigger.If the answer to a cash flow crisis is to keep taking loans we are truly fecked.
Quote from: pauliewalnuts on June 06, 2018, 08:31:53 PMHow long is a 2m loan going to keep the wolves from the door?If we’re losing 5 million a month less than a fortnight.
How long is a 2m loan going to keep the wolves from the door?
So basically sell anything and everything until there is nothing left it looks like to me.The Chinese regulations haven't happened over night and still no solution to it makes me think that Dr Xia is really skint Tone. Scrambling around, selling on debts, calling in future payments, loaning against everything.Fucking c***.
Many cries and whispers on social media tonight, but one interesting tidbit was that controls in China haven't changed outlandishly in recent months, but it can happen at random to people and companies with not much notice given. Also, the concept of 'saving face' seems incredibly important in that culture.
Quote from: aj2k77 on June 06, 2018, 08:56:56 PMSo basically sell anything and everything until there is nothing left it looks like to me.The Chinese regulations haven't happened over night and still no solution to it makes me think that Dr Xia is really skint Tone. Scrambling around, selling on debts, calling in future payments, loaning against everything.Fucking c***.See that doesnt make sense to me, If he was ‘only’ a multi millionaire, why has he been using up all of his wealth bankrolling a team on the other side of the world when the returns of selling when/if we got to the PL weren’t that great anyway?The ‘can’t access his money from China’ story seems plausible to me.