Where did you get that from?what debts?
interesting to know more as we've sold players we've taken on free transfers and paid peanuts for millions way over 10-15 million in recent years easily plus cup runs income.......
If we go back to 2016 - can't remember many big sales from early 2010s - then we've sold Roofe (£3mill), O'Dowda (£1mill + add ons), Lundstrum (£700k), Johnson (£2.43 mill) Ledson (£500k), Whyte (£2 mill + add ons), Baptiste (£4 mill) and Fosu (£750k). Rothwell and Nelson both left on free transfers.
Those numbers - which I Googled from Wiki and Transfer Market site - add up to £14,380,000. However, we've paid fees for Whyte, Hanson, Sykes, Nelson, Rothwell, Hemmings, Ledson, Johnson and Roofe. None of these would have been anywhere near the numbers we sold them for, but as an example it was approx. £250,000 for Hemmings, £650,000 for Johnson, £280,000 for Nelson and Hanson was apparently "the most expensive signing" Karl has ever made. All of those I've mentioned add up to approx. £1.5 million.
To my untrained eye I have no idea to see how player trading breaks down in the accounts as money in and out is staggered over the contract. Further we know that Eales had a charge of £4,275,000 for monies still due to be received for players sold between 2014 - 2018 which went in to the Escro account rather than to the club for those player sales, so that brings our £14,380,000 down to £10 million.
What we do know is that our accounts (and these will include revenue from cup runs in 2015-16 and 17-18) for 2014 - 2018 show losses of: 2014/2015 - £2.4 mill; 2015/2016 - £1.8 mill; 2016/2017 profit £649k; 2017/2018 - £2 mill. These add up to £5,551,000 up to June 2018.
Let's say that the first year under Tiger (outstanding service charge for the stadium, finishing of training ground, putting more money in during his first season than the last year under Eales where many people on thought the club were cost cutting) the loss was a v conservative £2.5 million then that puts our losses for the five year period 2014 - 2019 as a a combined £8 million.
I'm not clever enough to know if historic debt to Lenagan / Eales is already covered in those figures, but does this give some background as to why the club isn't swimming in cash?!
Sorry that developed in to a far longer post than intended - I'm also financially blind so go play "Spot the errors"!!