Further to what McNamee was saying. Kieran Maguire who does the very useful Price Of Football twitter account has tweeted the following . Loan from Barclays to be repaid out of future tv money .
View attachment 31089
With the benefit of seeing what has happened in the transfer window, I have been juggling figures to try and add to perspective, noting that no amount is mentioned in the full 56 pages of the charge.
On the cash front, as stated elsewhere, there should be a cash surplus in the club following last season. With the figures reported for Almiron, they should be well within any current cash surplus unless Ashley has taken out more than £30million of his loan since the last publication of accounts. OK, loan fees and agents' fees would add a bit to cash out but suffice it to say, the accounts published in 2010 should make interesting reading.
In trying to work out the implications, any help is welcome.
What I have come up with is:
1. Ashley is reducing the "loan" to increase his value from any sale and/or raise cash to buy other businesses
2. NUFC expected to pay out more than they did in the transfer window
3. The charge has been taken out as a precaution for summer trading activity under new management
As I say, other ideas are welcome.