The debts were not covered -
Sullivan '' We’ve paid down some of the debt and injected some working capital, but there’s still more than £100m of debt.
‘In that, there’s £50m owed to banks, there’s £40m owed to other clubs. In addition there’s the club’s settlement to (former manager) Alan Curbishley, so the real debt is about £110m. ''
- Grant was a bad appointment and owners should shoulder blame for that, but they appointed the right man in Sam Allardyce and have done everything in there power to get us to where we are now.