We have Hennessey, BPF, Norris and Waller.

What we don't have is a £2.5 million per annum wage bill for Pope and we have extra millions in the bank.

Our business (BFC Holdings Ltd.) is strapped for cash. Sometimes when the going gets tough businesses dispose/liquidate assets to keep going.

No doubt Pace has insisted the final Wood installment is expedited and the Pope fee is paid in full up front.

Sentiment goes through the window when you are skint.

No brainer for me.

Incidentally on this deal we have had Pope for three full seasons, a sell-on fee paid to Charlton and we still have £10.5 million leftover - it sounds like good business to me.