What happened to this only selling to someone who has the interest of the Club at heart, now it seemingly depends on who'll pay the transfer money.
They won't write off the debt, money up front plus money from already guaranteed transfer sales still to come in (Jarrod and Harry) may work subject to any new owner/s underwriting future payment/s with a PG. That said, even at £30m it's not worth it, and I couldn't imagine anyone validating any valuation of that level given we are now in Div 1 and the current economic climate! Ehab talking about lowering the price of the club is all smoking mirrors and more crap!
It was obvious from the moment they earmarked the Bowen money against future losses, which was almost immediately after the sale, that it was going to pay their interest for 3 or 4 years. Ehab's job is to try not to lose any more money during each season than possible while they milk the money out. He must be creaming himself over the salary cap as it just made them less open to scrutiny. Covid didn't help though as they will now run out of Bowen money earlier. As soon as that money is gone, they'll sell up for whatever they can get ... unless they fluke more money from transfers.
Further update coming Tuesday in response to the latest government stance on fans not being allowed into grounds
The club should email members asking if they're happy to continue paying, with the offer of cheaper memberships ( or season passes, ha ha) in future seasons if they do so. Still, no one tells them how to...
Portsmouth have a good scheme. Though we would have some complaining about putting £25 up. https://www.portsmouth.co.uk/sport/...eason-ticket-changes-2020-21-campaign-2938327
They must be paying twice (or more), for one free home streaming.... They can't cancel one, as the seat may go to someone else, breaking up the family group....
As a result of the latest developments the Club is currently working on the next steps regarding Memberships, with our priority to ensure that Members continue to get value for their monthly payments. We will communicate further on this next Tuesday. Still awaiting further communications,mind they did say next Tuesday, but not which next Tuesday they actually meant