welshwingwizard
Full Member
I see this thread is still full of the same mental gymnastics to justify the Qataris over Jim Ratcliffe. “But he’s not very good at running a football club” are the Qataris? “But he doesn’t have enough money” if we stuck to FFP so we need unlimited funds? Has he said he can’t afford the stadium? Can the Qataris? “But he’s involved with banks” every financial transaction of this size needs banks, it doesn’t mean it’s leveraged debt on horrendous interest rates like the Glazers.
From what we know though that last point will still be in play. They aren't clearing the existing debt. So we will be paying those interest payments and have the debt meaning we can't spend what we make.
I don't think people want someone to spend unlimited funds. Just free us from the debt to allow us to spend what we earn on the football side rather than going to banks.
If INEOS said they would pay that off then I think people would he a lot more positive. The stadium would be debt but in something which has value and will earn money. But the statement said they wouldn't be adding to existing debt.