We should have some cash to spend then. Thoughts of where the priorities are? Centre half or full back?
It's not debt is it? Under SCMP it has to be a gift doesn't it? Of course that doesn't preclude a dividend to shareholders
We know we won't just get 15% of 47.5m to blow on players. To be honest Patrick would be well within his rights to pocket the lot. It's just nice for us to get a bit of a windfall from a player for once. Also massively proud of the lad and can't wait to see him on the world stage.
I hope after Mr Cryne takes anything he feels he wants to that we spend anything extra on Oakwell and building for the future rather than chasing short term gains though a central midfielder would be smashing.
Is the club solvent though? Have to have profit reserves to be able to pay a dividend. I suspect it will sit in bank or be used to reduce any secured debts. I noted last accounts that the overdraft was very close to the agreed limit, so eliminating that and having increased liquidity seem a useful start. Of course we don't know what the exact clause is or when it would contractually be due or in how many instalments.
Pay a dividend to who? As far as I'm aware Patrick Cryne is the sole shareholder of the football club. The ground, academy land etc. is held in trust with the council.
We need to list WSB quickly, to put a preservation order on them. They could be lost with the new found wealth.