That isn't long term structural debt, it's a result of the club's inability to live within its means, despite falsely saying that it does. The club call it "long term structural debt" to make it sound like it's outside their control, when it isn't. They have caused this debt by consistently spending more money than they have received.
I don't know about "well" but definitely not quickly.According to the Public Consultation document published in 2011 we started negotiations for a new long term lease of St. James' Park in January 2010.
Going well isn't it.
Fred, I don't mind how liabilities, structural debt whatever we dress it up as is technically called but my explanation was supposed to be a simplistic way of highlighting how the club has juggled its cash flow due to spending more than we have as you say over the past ten years. Like others I get narked when this debt free mantra is continuously trotted out when that clearly isn't the case.
...and is the very reason why youth development ambitions should be realistic and affordable.
Not sure there's much grass only mud and water at the C&F hence the need for a 4g training facility
"I dunno, I never smoked astroturf" [ attrib. Tug McGraw and Joe Namath, may be apocryphal...]
Rodney Trotter also said it, but presumably after the others. Just found out at the weekend the gag about Uncle Albert screaming at coming face to face with a lion and wetting himself was recycled.
The Tug McGraw quote dates from 1965, so yes, Only Fools and Horses copied him. Apparently George Best also got the line that 80% of his money was spent on women, booze and cars and the rest was squandered from McGraw.
