My memory of it was along the lines of someone stating the club was massively in debt and if Mel walks away we'll be in trouble. Ramblur stated the debt didn't belong to the club so it wasn't and issue.
2017 accounts (10 month period)
Turnover - £29m
Match receipts £8.675m
TV and Broadcasting £7.918m
Programme sales and related activities £200k
Commercial and Hospitality £4.082m
Other Income £2.866m
Total staff costs - £34.6m
Overall loss - £21m
FYI academy costs are approximately £6.26m
Interestingly, we were shown to be owed £20,388,185( £20,104,843 being receivable within 1 year), and we owed £17,219,135m ( with £8,077,925 being payable inside a year).
I agree with this. But, looking at Burton, I remember seeing they posted a c£500k profit last year. They went down (just) but if they had a turnover like ours they would have done pretty well for themselves and finished much higher
Vernam and Hanson sold and Rawson released last summer, Thomas released in 2016. Guy was loaned out in the summer and sold in Jan. "setting us back" is a bit harsh. Hanson was a valuable squad player during Clement's season (18 league apps) and provided decent emergency backup during the rest of the time. Guy spent a large portion of his time with us out on loan. They were in and around the U23s when we didn't have other prospects ready for that age group.
It's what we should expect. A few players go out on loan and if they don't cut the mustard they're sold on. The odd player skips straight in to the first team picture (such as Bird). Some are released before playing a competitive game (either at Derby or out on loan).
Sheff Utd - spent smart but still splashed £4m on Egan and £2m on Norwood last summer due to receiving £10m for Brooks. They also spent £5m the previous season despite not receiving anything from sales.