Quote: bren2k "I think that people are seeing the 400k, misunderstanding the phrase 'under-capitalised' and turning it into something they do understand - a £400k debt. As far as I can see, that isn't the case.
The club is now being run by an accountant; that's probably the best thing for us at the present time - hopefully he'll bring some financial discipline to bear and ensure that the organisation cuts its cloth accordingly; he's already shown that he has the guts to make tough decisions and for mine, that should continue.
If WTW starts to wash its own face and sheds the reputation for winging it, perhaps the business community will feel a bit more confident about getting involved.'"
That was my interpretation from Michael Carter's statement and I was relatively optimistic when reading the text. However, after reading the post match comments from RA and his slant on the situation. He alludes to a cashflow problem as he states that Tim Smith was sold to pay player wages. I don't know whether this is in the immediate future ie this month's wages or further down the line in the off season when we don't have as much income coming in (hence the need to buy season tickets now). The player's reaction as outlined by RA implies to me more of an immediate 'problem', but perhaps I'm (hopefully) wrong.
