The club have taken out 2 loans to cover the cost of the new training ground and the stadium development. The money is loaned against money owed by Man City for Riyad Mahrez and future tv money from the next 2 seasons This was the plan from the start and has nothing to do with the death of Vichai
I do slightly worry here... financially nothing positive seems to be coming out of the club currently...
Loaning against money that is going to come in isn't that big a deal - it is basically City will pay something like £30m next season and TV deals are something ridiculous like £300m but since we want to spend it now, we are loaning £330m against that to get it.
Completely agree that this is fine. I just get a slight inclination that things aren’t going well... there have been whisperings...