tomytony
Vital Champions League
There is another point that I haven’t seen mentioned yet but it bothers me.
When McCabe had to sell the property back I understand it was the Club (not The Prince) who were buying it.
We seem to have taken out a large amount of finance to do so which now needs to be repaid over whatever period was agreed. Funds were released for Ramsdale and Brewster and to a lesser extent Bogle and Lowe but I think the borrowing for the property explains why after a year in the Premiership we couldn’t splash the cash like say, Villa did.
At the fans forum at the start of the season The Prince was asked if the finance and subsequent repayments would be a problem. I seem to recall he said this might only be the case if we were relegated. I think he may then need to step in with some funding , I assume as guarantor. Can anyone recall this and how much of a problem might it be?
Recall it well SJH which is why I alluded to CW compounding the problem by not just getting us relegated but also making us much less attractive to investors.
I reckon that's why our not inconsiderable investment ( for us) has been low compared to others and that, to see real progress with meaningful funds, we needed to stabilise to attract sunstantial investors.
The prince has an unexpected problem to deal with on the finance side and a popular 'man of the Blades' person at the helm and his faith in the latter must be eroding due to CW's own actions.
IF he sticks with CW, which looks likely, then he's then reliant on CW for his own credibility.
If CW doesn't resurrect us he's got a lose lose scenario to deal with and a mortgaage to pay.
It can, and is, all turning to sand from what looked like solid foundations.