More Wedneday woe in the pipeline

Discussion in 'Bulletin Board' started by Jack Tatty, Mar 4, 2021.

  1. Jack Tatty

    Jack Tatty Well-Known Member

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    Just been reading about them.

    September of this year is their first payment of a loan due on the Hillsborough ground loan agreement . £6.5 million. To acquire that Chansiri had to borrow money.

    They have a 30 year lease agreement on the ground and yearly rent on that is £3million.

    So any thoughts of getting a new ground would be impossible as they have a long term financial agreement they need to honour.

    On top of their 18/19 accounts being long overdue.

    Players wages not being paid on time.

    14 members of their squad out of contract in the summer.

    And relegation to league one becoming an ever increasing reality and a loss in tv money and advertising revenue to she tune of about £7million.


    What a time to be alive.
     

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