Tom Hughes
Player Valuation: £10m
Force owners to clear to the agreed amount of debt at the start of each season. That way if they want to sink the money in they can and club's don't get caught up in situations like us and Leicester where we are so hamstrung it could actually cause financial meltdown through the team's performance.
That was pretty much what i was trying to say, but wasn't sure how it would work in practice.
Moshiri wrote off a load of debt when he first arrived.... then a few years later converted a good chunk of further debt to equity. My understanding is that's only ok if at least the equivalent value has been added in the process.