No you're right see attached. The debt though is money owed to the Chairman who intends to keep putting money in. Neil W is right he hasn't had much to spend at all during his one and a half seasons there. Thats when he's at his best working with a small budget. Problem is when he's got money he usually blows it on poor players. Bolton said they didn't want to sell Pig Madine but the offer kept going up and up, shades of Akin bad buy. Even then the reported £6 million fee is a package that involves promotion add ons.
http://www.bbc.co.uk/sport/football/43321872




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