I mentioned it as a reply in the previous post, but it seems Dr Xia is saying that not a penny of the Premier league parachute payment has gone towards the transfer window.
That is massively interesting in itself to me, because it begs the question as to why not?
I’d had my suspicions that it was what led to the vast majority of the outlay and I’ve no doubt I wasn’t alone in thinking it.
But if that statement is true (and keeping my sceptical head on, it might not be) it’s fantastic news in my opinion.
Which begs another question, in why didn’t we use it?
I can only suggest it was used as part of a staged payment to Randy Lerner. It makes sense, either way, whether it’s part of the original supposed £75 million deal or as an add-on, as deferring this sort of money is just good business on Xia’s part.
That said, I don’t know how/when relegated clubs get paid the parachute money. No doubt that’s probably staged payments too, which might explain it all.
But you would think Xia wouldn’t leave himself open to being accused of being economical with the truth?
And then there’s a story that I’ve literally just heard, where Xia says he signed off a deal worth 4.2 billion, which was tempered by the Forest game.
There’s no specific information on what the deal was, but even if we assume we’re talking about Renimbi (what happened to the good old Yuan?) this is serious money, as a Renimbi/Yuan is worth about 9% of a quid.
So £400 million at least, in proper money.
Whether he’s sold something or bought it, I’d suggest Xia isn’t a fly-by-night type hairdresser or chicken farmer and indeed does have some serious clout behind him.
I’d still question if it’s his money or if he has higher backing, but either way, it’s reassuring and I don’t believe we’re going to see a cut and run.