Debt gone?

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Originally Posted by sinkov

I never thought we were £150 million in debt, it was just over £100 million on the last balance sheet, of which £65 million was owed to MSD.

If we've paid off MSD we should be down to about £40 million, which sort of ties in with the £37 million cash in hand and the £71 million liabilities. I think it's a certainty that the Parachute money is gone, or spoken for. The next statement is out in couple of months, a bit more will be revealed then, but that only covers up to last July. Still too much smoke and mirrors for my liking.

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The £150 million was bandied about by the media when ALK took over sinkov, since "everybody's darling" came into manage the club, debt's not mentioned.

Assuming we can cash out Weggy for £12 million plus welcome into the bank account the estimated £150 million "Golden Hello" from the EPL things should be pretty pukka again mon ami. B)

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Originally Posted by The Bedlington Terrier

Assuming we can cash out Weggy for £12 million plus welcome into the bank account the estimated £150 million "Golden Hello" from the EPL things should be pretty pukka again mon ami. B)

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£150 million Golden Hello ? Bollox, the turnover from the full season won't reach £150 million, quite likely nowhere near.

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Originally Posted by sinkov

£150 million Golden Hello ? Bollox, the turnover from the full season won't reach £150 million, quite likely nowhere near.

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I'll fact check mon ami, but when I last looked it was suggested the "Going Back Fee" was hitting the £150 million mark paid out directly by the EPL from TV revenue. I'll get back to you. :P

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Originally Posted by The Bedlington Terrier

I'll fact check mon ami, but when I last looked it was suggested the "Going Back Fee" was hitting the £150 million mark paid out directly by the EPL from TV revenue. I'll get back to you. :P

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Last time I checked, teams in the lower half of the PL were receiving somewhere between £100-£110 million depending on league position. I'm not aware there has been any significant increase recently.