 | News Comment | Evans on Relegation, New Arrivals and the Promotion Challenge at 12:23:34
I have a couple of questions for Marcus - firstly, how much debt is on the club at the moment? Has the money you have "given" to the club been a gift, or has it been loaded on as debts or loans to the club? When the club debt was bought by Marcus from Barclays (£32m debt bought for around £6.5m) was the debt cleared or do we still owe it back to ME? And if we owe it back, do we owe £6.5m or £32m. There are lots of reasons why people buy clubs, but most want to get money back, and knowing ME and his business practices over the years, he isn't doing this for the love of ITFC. I'd like to see TWTD and EADT start asking more of the questions about the financial aspects of ME's reign. It may be that he has cleared all our debts so that the club is set up for the future, but suspicions remain that he hasn't. More transparency is called for, rather than another start of season platitudes and false dawns/promises |
 | News Comment | Evans Backs McCarthy and Outlines Five-Point Long-Term Strategy at 09:59:13
Well, I have heard from inside the club that Evans has to fund the club to the tune of £1m a month, which explains why the money raised from sales has not been invested in players. Much of what he says is right, that we have to cut our cloth accordingly and we are going to be financially poorer than probably a dozen teams in the division. And that would be fine if we had better players coming through the academy, and a boss who was more progressive and was part of that vision. MM is not a manager to build for the long term, as good as he is with some money, he isn't great at bringing players through. We are a selling club, and realistically, Championship is where we probably belong, so going up would only benefit ME as he'd be able to pocket the money from the old Barclays debt. But perhaps a hungrier manager with more to prove might be a good idea? |
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