Yes something like that. I think that he likes people to believe that the Manor was mortgaged to the hilt but he made a big profit out of it.I think he sold it for £12m with outstanding debts of £5m, so basically making a £7m profit which is roughly what it cost him to build the Kassam!
FK was as some would say 'a good businessman', but I am pretty sure that he didnt treat the club anywhere near what he claimed that he would do ( the profits from the building work help to run the club).
No doubt FK did very very well out of the club, and the journey he took us on didnt quite go to plan.