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Yes. And that is why cashflow is more important than profit. Cash for dough. Profit for show.

Because vice chairman is an utterly pointless title which means absolutely nothing in a privately owned company with a controlling shareholder. In fact in a public company it would be earmarked as poor governance because Vice Chairman and CEO would not be the same person. It’s a mixing of exec...

Hands off except for paying for the Amex and investing £400m in the club. Don’t be daft. No one with that size of investment and the wealth and brain of Tony is going to be hands off. He is the controlling shareholder and the cash payments are straight from his directors loan account. And...

“Tony. We’re negative free cash this year. Can I have £32m please?” “Sorry Paul. Need the money for a new business” “Oh. Er what shall we do then? We’ve no liquidity”. Sent from my iPad using Tapatalk

Yes - but Barber has zero control over the finances of the club even though he’s CEO and Deputy Chairman (whatever that is). Tony runs the club - Barber is his gopher. Sent from my iPad using Tapatalk

£2m pay for Barber - nice work if you can get it. Particularly if the business is owned and entirely funded by TB - I see he stuck another £32m of his own cash in. Wonder if this was prefunding Ben White's sale? To be honest I'm more concerned about cashflow than profit, which are just...