The Directors do not spend their own money, they spend the club's money.

The club is skint, tenants with no cash reserves. Day to day expenditure exceeds income. To survive before we even consider buying we need to sell first---Styles, Phillips, Connell. That income will be in instalments.

The Directors have a stash of redeemable Share Certificates based on club assets bought last season to keep cash flow going but that card has been played and there is no value left in the club to allow further sales.