we were last year, who knows now

From the annual report: "...based on these cash flow forecasts and expectations for player trading and the availability of future external finance as required from time to time, the Club can meet its liabilities as they fall due."

We made a profit of £9.4m last year but had a negative cash balance of -£1.5m at the end of it.

So add this year's -£8m, and that probably takes us beyond just requiring a bank facility for working capital.

Posted By: CWC, Dec 31, 00:01:28