So you spend that £20m, get relegated.Then you have £70m + interest defect instead of a

£50m one.

You struggle to meet that defecit, so you defer payments and/or borrow more money on top of that initial £20m. And so it goes.

Of course it's a way it can be done, I guess the board think 'been there, done that', and don't want to go there again.

I'm far from a numbers person so I've probably massively oversimplified, but I can really see why the club don't want to borrow large (for us) sums.

Posted By: Yellalee, Jul 13, 22:15:56