I agree with that adrians..
The largest part of our "debt" is obviously the stadium, but if thats anything like my mortgage it's spread out over 10-20 years, and isn't a debt that needs to be paid off this year.
It doesn't seem PC to say anything positive about Rupert Lowe, but it's fairly obvious that a lot of stupid dealing was done when he was " in exile ".
I can accept that the Rasiak deal was made in Lowes first term, but GR was
on enormous wages at Spurs having been bought for £10 million, so 12K would seem a good deal -if thats the case. Wright-Phillips transfer fee was part paid by the Coca Cola prize and his wages at Man City must have been
pretty high, too. Most of the other deals seem to have been made after
Lowe was " deposed " and so the second Board had responsibility for deals
made in that time, and I agree with others that we don't seem to have got value for money from those deals ; Thomas and Euell in particular.
Whether this a PR spin, or not it's obviously borne out by Echo facts.
I'm not saying that Lowe hasn't made some mistakes, but there are other facts that he has no control over, namely contracts like Thomas, Rasiak and Euells which take valuable money away from the club at a time when we are almost bankrupt.