td53
Well-known member
Their latest accounts are hard for a layman like me follow. It looks as though they may have written off 20m in loans (unless I have misunderstood it, which is entirely possible). But I'm still not sure they are in a good position.
My understanding is that was some kind of shenanigans where he wrote the debt off against the cost of the purchase. I don't quite understand how or what but it seems he has significantly raised the value of the club on the market, essentially at no cost to himself and thus he'll walk away with a big prize when the club is sold.