I’m keeping it short, as I’m still on my phone.
First, thoughts on the “no bank loan’ statement.
I think this is strictly speaking, a true statement.
While it’s true that we’ve taken money from Macquarie, I think it’s more of a forward sell, as opposed to a typical bank loan. The difference is subtle, but I believe it’s there.
Next is the statement that Xia has converted his loans to equity.
I don’t understand this one.
Yes, we’ve see a share allotment, but there’s been no value attached to them. It’s purely to improve the balance sheet, to suit FFP requirements,imo, which is good.
So if we’ve taken £40 odd million off the books, how much FFP trouble are we still in?
This is not made clear at all and it troubles me.
Do we really still need to sell Grealish?
I’m now not convinced, although it seems to me the Birmingham Mail are more than telling us that he actually wants to go, which is disappointing.
My stance would be that he’s going nowhere unless we get the right price.
There’s no doubt, we have to cut costs though.
Another one I have doubts about is the fact that any other shareholding won’t make a difference to FFP.
As has been explained, new owners would be given another chance to improve things.
The big impression I get is that the club isn’t in as bad a state as was implied by the media.
Or at least it’s not going bust.
But we are of course being set up for a period of severe austerity, which means playing more kids.
Given that we can expect no more than mid table at best, imo, I wonder if Bruce is now the right manager for us?
I predict that if we’re struggling, his contract will be allowed to expire.
Good luck England!