Correct Animal.
The club are skint at the moment. Conway used up all the reserves that were in the club account, a large slice of income has been lost due to relegation and there is still the EFL loan to pay back taken out during Covid. The "new" Board has had to put in £1 million (through share equity purchase) to support the club's cash flow during the summer.
As I said on a different thread the Board have got two big things right so far. They took advantage of The Investor Group removing Conway as their representative after his four year agreement with them came to an end and replacing him with Quay. This left Conway vunerable in terms of voting shares and Parekh and the Crynes took advantage of this to vote him off the Board. It was essential to remove The Arseoyle from power. Well done to all those fans and groups who, in whatever way, large or small, made their feelings known by word or deed that Conway was toxic and helped persuade those with power (The Investor Group and other Board members) that they needed to act.
The second big thing they got right was to stop the searching of the lower tiers of continental leagues for coaches and appoint someone who knows the league we are playing in and has experience.
We are now onto the third big thing--the construction of a squad. As Animal says we are skint and need to sell quickly to generate funds without "giving players away" to the first bidder at a knock down price. I have to say, in my opinion, I have not been impressed with Ahmad as CEO right from his early days in the West Stand debacle but he now has the chance to show what a shrewd and clever negotiator he can be in generating transfer income. An interesting few weeks ahead.
Spectemur Agendo