james456 wrote:Does anyone know what our debt situation is? People were saying that the sale of CP and construction of the Globe Arena would leave us with no debt but is this likely to still be the case?
Although to be honest, you can't say we're a well off club because we have little/no debt. That would mean we're richer than the top prem clubs (Man U etc).
I wasn't making that comparison. There are clubs in the lower leagues - with crowds not much bigger than ours - who have considerable debts and are in a poor financial state compared to us. They scrape by with the odd sale of a player, the odd influx of cash from individuals. But they are playing a dangerous game and, as we've seen, it sometimes proves TOO dangerous and they go bust.
ManU and Liverpool have different issues - yes they are in huge debt but they also have huge turnover with which to repay it and they also know that there would be people willing to take that debt off their hands if things got too bad for the current owners to want to carry on.