I think the £5m was the shortfall from the £20m they needed to raise through the shares which was discussed at the AGM. This needs to be raised through player sales. Cuts in salary bills are in addition to this £5m as the budgets have been cut to ensure the same debt problems dont arise.
I make you right on this. Shortfall on reducing debt by rights issue of £5M, then savings in operating costs by wage cuts.
Comments
come on sort it out
That's a Charlton style bidding war
I expect him to be sold some time tomorrow for £1m and 6
The longer this goes on, the more i feel we are going to get lumbered with him.
I make you right on this. Shortfall on reducing debt by rights issue of £5M, then savings in operating costs by wage cuts.