Bankrupt without Edinburgh Woollen Mill
At the start of this year the experts at the other place reckoned that the club's debt to EWM was as high as £2.75 million, which obviously clearly indicates that without EWM the club would be bankrupt.
Normally the headline figure for transfers is paid over 2 or 3 years but let's assume that the headline figure has been paid immediately, through the negotiating skills of our highly effective team.
So if that up front fee was paid by the club to EWM it would reduce the amount owing to £2 million pounds.
Thus the club's financial status would be unchanged because without the good grace of EWM the club would still be bankrupt.
The club would be just as bankrupt for a debt of £2 million pounds as it would be for a debt of £2.75 million pounds.
If Philip Day wakes up tomorrow having not had a good shag then by the end of the day Carlisle United may not exist.