What is the problem with being overdrawn as long as it is within an agreed limit and within the clubs means. How many other PL teams do not have huge borrowing already? Not many I suspect.

I agree with 123 that the cash flow position will improve dramatically when the loan players move back to their clubs. I am less confident that we will move on the higher salary players though. Would you want to be paying the likes of Livermore, Morrison and Chadli top dollar based on their performances this season. I wouldn’t.

Also cannot for the life of me understand why this is in the public domain. Surely most multi million turnover businesses have overdrafts and Peace’s fixation with keeping us in credit hasn’t done us well over the last few seasons. To do that you just under invest, both players and assets, and ultimately you have to pay even more to catch up with those who have moved forward.