OK, technically not debt-free at any given point because the owners keep putting more money in. They have consistently converted these loans to equity, though, and seem committed to continuing that policy. The point remains that the stories of the club being in eyewatering debt (see DT's debt table) are just not true.
Bashing the owners for trying to put right what they got wrong (when they could have just done a Chris Wright) just seems perverse to me.
Perverse!
Loans to Equity is a technical financial mystery ... In the business world it’s a loophole ... it’s cobblers
Doing a anything if you cherry pick history is an easy argument
Doing a Tony F may have some honour within it but ultimately is failed poor business
As our club is controlled by failed poor business to date I see no problem with fans thinking of the future
How far exactly does a financial plan that includes loans to equity go?
A cul de sac of **** imo and anyone looking at this as a merit is worst than perverse
Southampton FC considered the best run club in U.K. football will be there during ups and downs for the foreseeable future
It’s bigger than Mark Hughes or any one player or Saints Team . They have learnt from their mistakes and will comfortably survive if Hughes takes them down
Compare any club to us at this moment in time and if you weigh it up
Sorry but we are a little bit **** and it needs to be said and fully understood
