You're right, they have started to use bank loans secured against parachute payments, which is a worrying sign. But they do still have access to a £40 million loan from KP if needed. Like you say, when the parachute payments dry up, that's when the shit hits the fan. Best case scenario for me is we survive this year, somehow manage to rebuild in the summer and get promoted next year, and then the owners sell. I don't see another quick way out of this