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Showing results for tags 'panicesma'.
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Anyone familiar with it?
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According to very well-placed sources in the City, our club has taken out not one but two specialist loans with the Professional Sports Team at Barclays Bank: one in the summer to pay the Robbie Keane transfer, and the other in January to cover 'short-term associated costs' (which i think means covering player wages). This is worrying on so many different counts - firstly because one has to ask where all the money in the RBS loan has gone; secondly becasue we're just piling up debt, at high interest rates; and thirdly because using a third party to finance transfers could, arguably, be said to be against the spirit of the new FA transfer regulations introduced after the Tevez deal, because it effectively meant that keane was mortgaged by Barclays. For people who don't think we're in financial trouble, or insist that it's no more than that faced by other clubs, let me spell this out: we're taking out loans not only to pay for transfers BUT also to cover player wages. Wil lthis mess ever end? I'll obviously add more info as and when over the next few days/weeks.
