Quote Originally Posted by sinkov View Post
Money was squirrelled away, £50 million of it over a period of about three years, while next to nothing was invested on the playing side. That money, plus loans, was used to finance the takeover of the club by ALK. So we've gone from being a PL club with £50 million in the bank and debt free, to being loaded with debt and in the Championship.

Neverthless, some of our fans are quite happy with the way our new owners are operating. Why they are is way beyond my comprehension, I just despair.
I think a lot more was robbed from the club Sinkov.If we spent 6 seasons in the PL and in the last 3 seasons barely invested in the playing squad yet Garlick has only £50m and the club has Gawthorpe to show for it? Now we have a £65m debt to be repaid which is just part of the debts.
It was supposed to be the land of milk and honey where every club strives to get because of the financial benefit.Something does not add up.