Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
That is a disingenuous statement. Based on past models the club has used future revenues to prop up the immediate economic needs. They mortgage future revenue, so it is to be expected that they do the same, however, the greater problem is the terms and actual lenders of the debts we carry, at exhorbitant rates, and more than likely termed with penalties for early repayment or demands on unregistered income..
EFC APR approx 4789 % pa....
So let me get this right.....
The fact that they've previously borrowed against future revenue - which is something that those eager to have a pop have criticised the club for. Is now being used to take another side swipe as they're not seemingly doing the same with the incremental £25m that will be earned this season?
You can't have both sides of that argument, you're either against borrowing against future revenues & therefore should see the failure to do so with the incremental revenue as a positive, or you want them to do just that, in which case you can't take a swipe at the funding costs, which are merely what we can obtain in the market.