sign of the chimes
Active member
Speculation on my part, but based on a couple of things colliding.Financial implications Chimes - please enlighten me?
From memory, as I read the detail some time ago, there had been some boardroom wranglings over the past couple of seasons involving one of the co-owners (Canadian, I think) who had come in and invested alongside MacAnthony.
I think there were some alleged shennanigans regarding where some of the money had come from - the upshot seemed to be that it got sorted, but that the club were in more debt as a result.
I doubt this is a wolves at the door moment - but reckon the extra £10m in TV money next season might have made a big difference; given their operating model has long been spending not insubstantial fees on young talent, selling them on for bigger fees where possible, and using that money to rinse/repeat while flitting between tiers two and three. A third season in L1 isn't going to do them any favours unless MacAnthony is in a position to either take more of a debt burden, or load more debt on the club which, unless he's going to let that slide is unlikely to end well.
I could be talking out of my hat, of course.