- Jan 27, 2011
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With the new PSR rules I doubt us of any of other club will be doing any ‘splurges’ while the rules are being enforced.
If they can re-finance the Stadium debt with an equity injection, it frees up X amount for the team.
I think our repayment is somewhere around £30m a year.
So effectively maximises our PSR potential spend.
In a CL year that puts us comfortably above Arsenal and Chelsea and closing in on Liverpool in terms of budget.
Make good decisions about sporting structure, personnel, academy, and recruitment, and that's how you sustainably compete for titles.
Plenty to criticise Levy in recent years, but can't fault the strategy here.
In this case ENIC and our interests would be aligned.
Pull off the above, and the final phase of NDP, and the value of their remaining equity goes through the roof.
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