sw_fox

Exactly, and interest payments will help reduce our net profit and therefore our tax burden, which presumably there will be quite a hefty one due to selling assets. In essence, I’m not worried at all by this development. Without being a Man City or Newcastle of this world, and particularly after relegation, this is a relatively sensible way to run the business. Obviously better to be debt free as a club. But from the business side debt isn’t necessarily something to be afraid of if it helps cash flow and allows us to make the investments we need at the time we need to.

Anyone stopped to think this is probably just a finance facility that we can just draw down if we have cash flow issues? I’m a director of a company and this is exactly what we do for invoices from our customers to help with cash flow. Most of the time we don’t need it but it’s helpful to have if needed - it may be the same for the club. All well and good having another club owing you x amount but if you need to pay salaries or big ticket items like transfers then it’s good to know you can get your hands on the cash quickly…