The builders need paying and we don't have the cash in the bank, hence the need for borrowing.I have my doubts about those claims of us needing 20 million pound a month to keep the lights on. What’s the source?
And say it was true, and the payments started at the beginning of the season in August and supposedly continue to the end of the season in May. That would suggest that our revenue is 200 million pound below what is required to break even. 10 X 20 = 200 million.
I don’t believe we are in that bad a state, and if we were, absolutely NOBODY would want to buy us, and administration would be an absolute inevitability!
It is all on public record.