Nick, how much money do you think Chinny will actually put into the club ? He cannot carry his debt forward into 'yet-another-newco', so we all assume that he will milk the PPs, but to do this he needs to keep putting the 10Ps in the meter for the life support machine, thus diluting his return. As far as I see he has 2 options, should he return : (1) do just enough to keep them ticking over for 2 years, or (2) sh!t or bust for climbing the league ladder as quickly as possible to boost the clubs earning potential and value. Option (1) means that Appy is likely to remain 'un-' as he gets bugger all transfer kitty, and take into account the FL's apparent financial handcuffs. Option 2 is high risk, and I don't think Chinny will take any more chances.