I think I have that in my 'vintage' film collection. The twin tub stops working, she phones for a plumber, and then the lather really starts to fly........
Whilst the numbers look daunting, at least TB has something to show for it in the shape of the brand new Amex, Lancing and so on. When I go to Ewood tonight the debt may be 'only' £104m but the year will be 1972.
It's the Premier League that generate the cash not the FA.
If you want to stop the crazy money at the very top the answer is simple, stop spunking £1,000 a year to Murdoch via Sky. If enough people cancel their subscriptions then the TV companies will reduce their bids for the rights.
True, but I think TB likes the idea of the club being owned by a fan. Having had a few chats with wealth management people in the City, their view is that he still has plenty of money in the pot, not quite a billionaire, but would have been one had he not chose to save the Albion.
Those rules don't apply any more, it's just a straight £13m a season that is effectively allowed.
QPR, Derby and Cardiff have been creative in previous years in relation to issues relating to their debts though.
No. The debt is formally due for repayment in 2023, what TB is doing is effectively writing off the debt by converting to shares. In doing so he is also increasing his stake in the Albion, which is now up to 93%.