Their (spelling) total debt is still the same, which is over £500m. The figures for the last quarter show total borrwoings of £525m. That doesn't include monies owed for transfers by the way. It's just what they owe to financial institutions. The probably owe around £150m on transfers.
They usually quote "net debt", which is total debt less cash. So if they have total debt of £500m and cash of £200m, they'll talk about net debt of £300m. But if they spend £150m of that cash the day after their year-end, net debt goes up to £450m as it's still £500m of total debt less £50m cash. Net debt has gone up a lot from June to September because they've spent a load of cash they had in the bank. They're getting less from the Europa League this season plus they got a big chunk last year from commercial deals and they aren't getting that either this year.
If they don't even get into the Europa League next season, then they lose that money (probably about £40m) and gate receipts from having no European games (around £20m) plus they lose commercial income if they spend 2 consecutive seasons out of the CL and that's probably another £30m. So not getting into Europe next season could cost them at least £90m, when they're forecasting £560-£580m this season with just being out of the CL but in the EL. That'll mean them reporting less than £500m for 2020/21, maybe as low as £470m. And that's all cash so they'll be struggling to buy players and even pay wages possibly. The better players will want out and no one decent will want to come unless they get big bucks. This season could really be a big tipping point for them.
Swarbrick will sort it, he'll give them an overdraft on their VAR account.Their (spelling) total debt is still the same, which is over £500m. The figures for the last quarter show total borrwoings of £525m. That doesn't include monies owed for transfers by the way. It's just what they owe to financial institutions. The probably owe around £150m on transfers.
They usually quote "net debt", which is total debt less cash. So if they have total debt of £500m and cash of £200m, they'll talk about net debt of £300m. But if they spend £150m of that cash the day after their year-end, net debt goes up to £450m as it's still £500m of total debt less £50m cash. Net debt has gone up a lot from June to September because they've spent a load of cash they had in the bank. They're getting less from the Europa League this season plus they got a big chunk last year from commercial deals and they aren't getting that either this year.
If they don't even get into the Europa League next season, then they lose that money (probably about £40m) and gate receipts from having no European games (around £20m) plus they lose commercial income if they spend 2 consecutive seasons out of the CL and that's probably another £30m. So not getting into Europe next season could cost them at least £90m, when they're forecasting £560-£580m this season with just being out of the CL but in the EL. That'll mean them reporting less than £500m for 2020/21, maybe as low as £470m. And that's all cash so they'll be struggling to buy players and even pay wages possibly. The better players will want out and no one decent will want to come unless they get big bucks. This season could really be a big tipping point for them.