Merlin128777
Vital Squad Member
Merlin - cash in would be utilised, tickets sold on finance will be money to come in - it wouldn't have been spent yet as he hasn't factored it.
The problems with the whole thing is what we dont know Mike e.g
How big is the overdraft,how much of it is covering what assets if there is a big overdraft. I have seen a few comparisons on FFP and McParland
and others seem to agree on figures of 30-35 mill. Not including the cuts to this years wage bill already incurred. As others have stated the problem is we cant pay the current bills the Mirror are running a story we need 9 mill by the end of the month my question is if we sell Jack for 20 mill are we fulfilling part of the requirements off FFP and can that cash then be used to pay running costs at the same time .?