Quote Originally Posted by sinkov View Post
To be fair to Pace BT, he's told us exactly what we're facing in the Annual Report, a reduction in turnover and a loan repayment, which will be funded by player sales, and if it turns out the initial fire sale of players hasn't proved sufficient cash, more players will be sold.

"In the event of relegation, the group will incur a significant reduction in turnover as full Premier League
broadcasting revenue is replaced with parachute payments. The group will be required to take steps to
reduce costs and borrowings to a level which are more sustainable for a Championship club. . In this scenario the group has forecast a significant reduction in wages and salaries, which will be largely achieved by contractual means existing in player and employee
contracts. The group has also forecast that there will be a net inflow of cash arising from player trading, as
is common for many clubs relegated from the Premier League. In the event that the group's financial
performance is less than that modelled, in a relegation scenario, the directors are satisfied that further cash
can be generated, including by further player trading, if this was absolutely necessary."

"Included within other loans is an amount of £65,000,000 which arose following transactions linked to the
acquisition of the group during the year. The capital element of the loan is due for repayment by the company in December 2025, with interest only
payments being required up to that point, providing the club remains in the Premier League. In the event of
the club's relegation from the Premier League, the repayment schedule for the capital element of the loan
is brought forward, with a significant proportion falling due for repayment shortly after the end of the football
season in which the relegation event takes place."

We can bury your heads in the sand and ignore it if we like, but we can't say we haven't been told.
Get the collection buckets cleaned up, we can't have dirty money!