17-02-2022, 05:00 PM
Our gate receipts were about 10% of our income when we were in the prem and we survived well for 7 years. We didn't even overspend as much as most in the division, in fact we were not even in the top half of the table for debt, but we were the only ones caught out by the banks pulling the plug on their owners. Our collapse was purely and simply caused by Gaydamak senior becoming persona non grata with the banks. If they had not demanded their money back in such a short period of time we would never have needed to attract the sharks and piranhas that followed and stripped us dry.
It's a gross over-simplification of what happened to say we overspent. Every premier club overspends.
It's a gross over-simplification of what happened to say we overspent. Every premier club overspends.