Kev75
Midfield
What do you think our annual wage bill is now factoring in players leaving and wage reductions? Surely the wage costs will be below £35 million.£64m, £57.8m, £69.5m, £77.1m and £83.9m
Absolute cobblers.
There is an external loan for £68m, and a debt to Short's holding company of £69m. Oh, and the small matter of £101m of earlier debt turned into shares. It may be true to say that he's not going to subsidise it further, but the subsidy is already there.
Under Niall Quinn's chairmanship, club debt went from £35m to £96m. Quinn was a football man, but had the financial acumen of a whelk.