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Net finance costs for the year ended 30 June 2022 were £62.2 million mainly due to losses on unhedged USD borrowings in the current year. The club was run badly. We've got about a 65% ratio of wages to revenue, which is cause for concern in itself (target is 50% max), but should leave us with plenty over for other things. If we had an owner who simply reset the debt, borrowings, etc., and made us a purely uk-based entity from a financial point of view, we'd have so much more money to build the club. |
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Not that he said anything we don’t really know, otherwise. The vid I saw was a bit longer than the above, with a bit more context. |
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If only… |
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