Wednesday at Stoke
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- Feb 11, 2014
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The one thing you can be sure of is Ed and his crew FULLY understand our cash flow and balance sheet - this is their expertise - what they lack in football knowledge they certainly make up for in finance know-how.....
Could well be some truth in not spending cash until after 30th Sep so that the costs all sit in a different Quarter (Oct-Jan) - remember we have financial covenants and these are tested every quarter - would be very logical for the bankers to push any transfers into the next quarter and then allow them plenty of time to juggle finances and clear the covenants.....as inept as people think they are at transfer dealings they may actually be working to a strategy that they’ve had to adept to since our income revenue has fallen off a cliff due to Covid.....first we will know is when they tell the NYSE what they are doing though.....
Any spending plan would allocate for more expenditure in the summer and less in the winter. That's historically always been true for any club. If spending is clearly a concern, I'd bet more on there being even less of it in January than there is now.