Mackemansj1
Striker
So pretty much the same then?.No it means he cant get it back until he sells the club.............its a bit of a smoke and mirrors trick that takes debt off the books........of course if the sale price is less than whats been converted than hes looking at a loss.............
This is why FFP regulations that allow accumulated losses of £105 million over three seasons if the owner injects cash which again must be converted into equity doesn't mean as folk keep thinking on here he will just do as hes more than likely kissing that money goodbye.........
We haven't got a quarter of a billion debt though that's the point of it..............he cant get it until the club is sold but its obviously the reason hes reluctant to pour more of his own cash down the hole........
Ashleys isn't converted into equity though.............he physically paid around £13o million for the club and theres an interest free loan of £129 million in their books.........