Borrowing for transfers

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Originally Posted by Longshortandtall

All business's borrow money even when they've got shed loads of it. Its just a question " is it for transfers? Could be for anything.

All we know is we've got an offer in for Leonard and are currently talking to Southend. If he turns up at the Club on 2 January then we know CW has been given funds to improve the team. If we're still p*ssing about arguing over £100k here and there at the end of the month then we know nothing has changed. I very much hope its the former.

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Not really LST tufty has stated we've put our final bid in for him so if it's not accepted we will walk away,is it cos we won't pay more due to budget limitations or is it cos tufty thinks that's the max he's worth

My guess is the latter,it's not always the boards fault !

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Originally Posted by Holden_C

Why would we need to borrow against Brooks transfer monies? If we did sell we wouldn't be spending anywhere near what we'd get and in any event any transfer would likely be paid in instalments.

The only assets the football club has is the players and any cash balances.

Maybe the club is borrowing to fund the Kop improvements.

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Some poster made the suggestion that perhaps it's something to do with funding the Cherry St/Shoreham St corner development that is due to begin soon