Apologies, I misread it and thought you meant League One TV money was £5m, though in reality the drop in TV money is closer to £6m and with attendance and sponsorship money all well down, we’re likely to see at least a 50% drop in income.
Reality sinks in when you know the bookies have you at 1/50 to be relegated. Get ready for diversionary tactics about selling the club to take the heat off. It's now all about moving players on and making a healthy profit and that can be done from whatever league you are in.
Do you know Allamhouse borrowed it? Or did they have cash in hand? Genuine question. Even if they did borrow it they would have added a margin to the interest rate charged.
Even if they did borrow the money, they couldn’t walk away without knackering Allamhouse in the process.
At 31/12/19 there's about £3m of bank loans and £31m of "trade creditors" so that doesnt seem much borrowed from the bank. There was £10m of director's loans at 31/12/18 charging 4% interest but it had been paid back by 31/12/19. It doesnt make sense. There's no substantial borrowings at 31/12/19.
We have a weird situation here then don't we? I mean they are both proven liars - but surely if they are contradicting each other we have a situation where one is actually telling the truth (albeit probably by accident).
Its actually better for me to get to away games in League 1 but I'd obviously much rather be in the Championship
The Allamhouse accounts only show £900k in bank loans, so it looks like it’s Ehab who’s lying on this occasion.
