Quote Originally Posted by sinkov View Post
I would guess they're using this season's TV money that's been advanced to us by Macquairie. What could possibly go wrong.
The evidence so far suggests that Mr Pace is mindful of the need for operating costs. He seems to hold about £50 million in cash reserves to keep the show on the road.

Swissclaret made an interesting point a few weeks ago when he said money can be borrowed against current playing assets, so for example splash £20 million on James Trafford and then buy an exotic left back for £17 million.

I have no idea if the scheme will work mon ami but it's irrefutable that we are building one heck of a squad.