It doesn't add up to me either. The only possibility is that the board suggested to TB he could take £30m of the monies due from Sky this season. That would be financially daft though as it would increase the chance of relegation, and we'd be back in the Championship which is a licence to lose money.
I'm estimating losses of £40m for last season, so why return to that by giving TB £30m now?
A couple of other things from the financials suggest more rather than less investment.
(1) The club has increased the limit on the number of shares it could potentially issue from 100 million to 200 million. These shares may be issued to TB (he currently owns 93%) OR the mythical foreign investor that so many talk about. I talk to some of the guys who try to organise deals in relation to clubs and tend to hear chatter and gossip, the Albion have not been mentioned.
If something does occur it's most likely to be selling 10-15% to an overseas group similar to what's happened at Manchester City or Plucky Little Bournemouth.
(2) The club created £40m of new loan notes last year, the only man likely to buy those is TB himself. In theory his existing loans are due for repayment in 2023, but I'm relatively relaxed about that as I can't see the club having the cash or TB insisting on repayment. He's spent years getting the Albion to where we are so why destroy it, especially as he's as passionate a fan as we are.
