The Allamhouse loan is repayable on demand, it always has been, they can withdraw that money whenever they like (as long as there are enough funds to cover it).
The club can borrow money against future income, secured against that income, indeed it already has (parachute payments, transfer fees, they're all contracted income).
The club doesn't need all the income to be cash in the bank to access it, though a couple of recent deals might well have been discounted to make them cash deals.
All of this is obviously speculation, but it's based on likelihood and opportunity.
The club can borrow money against future income, secured against that income, indeed it already has (parachute payments, transfer fees, they're all contracted income).
The club doesn't need all the income to be cash in the bank to access it, though a couple of recent deals might well have been discounted to make them cash deals.
All of this is obviously speculation, but it's based on likelihood and opportunity.