The club have planning permission for the remodelled hotel and are starting works. There's got to be new money to carry out that build and the blocks of housing behind the South Stand. Apart from the previously untouched £50m of equity injection whilst Conte was coach, the builds would have required funding beyond earnings from NFL, rugby, Beyonce, etc. Hobbling the sporting side of the club with non-football expenditure, at a time when we are becoming financially ever stronger under FFP and Chelsea and other chancers are struggling, would have been utter stupidity. Bringing in new shareholders and equity means that the club can do both activities to maximum effect. We have finally got a sporting director who sits on the board and is accountable for that and nothing else. He can't have that responsibility and have the commercial side syphoning off funds to put a waterfall in the lobby of the hotel and a helipad on the roof of the flats. The 2 are separate, distinct entities and need to be separately financed and accountable. It's the final piece of restructuring for success, on and off the field.
If those activities do not occur, it should not affect things on-pitch. The new WHL debt servicing I assume is calculated primarily based on match-related performance/participation (as detailed in the financial report) .
FFS, the UKIPpers are back out in force with their moronic arguments at the news Personal favourite? "If we've made so much money why did Levy sell Harry Kane?" Because of course, if he knew we were on course to have half a billion quid in our pocket he absolutely would have changed his mind and stayed ****ing dickheads
Not sure this belongs here any more, but Joe Lewis has avoided jail: https://www.bbc.co.uk/news/world-us-canada-68716896 Anyone remotely surprised? Lost a bit of pocket change, to him.
no surprises really. the world belongs to the rich. White collar crime pays in general if you are super rich.
yea his mates and gfs and some family? If this was a working class or middle class person odds on they get jail time and they might even make an example of them.
And if he was helping out other extremely rich people then he'd have been found not guilty. He forgot to cut the right people in on it.
Weirder than that: he tried to do a pilot a favour by giving him some tips...but did so with a paper trail that has his name on it approximately eighteen times
This is the man who was entrusted with the club's financial well-being for 2 decades! Quite amazing we are still trading!
I don't think he ever had a role at the club...he owned the majority of the shares but I don't think he was even on the Board and never had a management role.
The harsh truth that clubs progressing to the later rounds of the FA cup are not the only victims of fixture congestion.
IF it turns out to be legit, we’ve finally got a decent away kit after years of monstrosities. This is sexy as ****.