too true i'm afraid, salaries and loans in the millions + 10 mill last year taken out of the club. All whilst minimising their exposure to bancruptcy by securing majority of the loans with the club itself (like a big mortgage)
I must admit their long plan of raping the club for a few years (whilst getting in more debt to finance 30mill a season purchases) and then selling on to someone rich for a profit might now be askew. It's as if the Glazers have the largest subprime mortgage in the world with the banks lending them a load of money for a house they can't afford whihc eventually they will have to repossess at a massive loss. fotunatley for the glazers - they own a couple of other houses so they won't be out on the street.
#5701199, By montywithnail The Premier League
montywithnail 430 posts
Seen 1 year ago
Registered 13 years ago