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Knoxy2001e said:I dont think that we have any money from recent sales to buy new players. I believe the banks have insisted it is used to reduce our debt. I dont blame them. We were 45 mill in debt and losing 1/2 mill per year. The banks cannot support a business in that state unless that business can prove that it will turn itself around somehow.
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Knoxy2001e said:"has the bank got it or has the decision about it's use not yet been made? A little clarity from the club would help here!"
that info would normally be confidential.
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pk4efc said:
Knoxy2001e said:"has the bank got it or has the decision about it's use not yet been made? A little clarity from the club would help here
Bill Kenwright said, at the start of this season, that the money from Arteta's sale would be given to Moyes for the January transfer window. No mention was made of the money from Yakubu, Beckford etc. I assumed at the time that he meant that whilst we would get the money re-invested in player(s) from Artetamoney then the remaining money would go to the bank. Got to say I am v. concerned that Elstone is still quoting the debt at being 45 million! By my recollection Yakubu £3m, Beckford £3.2m and Vaughan £1.5m, makes £7.7m so shouldn't the debt now be 37 million? Don't know what the **** happened to the money from Pienaar.
Also, if they say we are making a loss of half a million a week then surely the wages of the players that we have sent out on loan and the wages of those we got rid of should be making a fair ol' dint into the shortfall.
Knoxy2001e said:"I think the club could divulge that information if they wanted to, Knoxy"
they'd be fools if they did. the leaked info from blue union did a lot of harm. clubs need to keep sensitive information secret or it could cause awful problems.
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