No JE has re-negotiated and agreed on a new reduced rate of £395

Can someone clarify please about the 400K that is needed ASAP. Is this to get WTW paying up to the full salary cap next year ? Is it to pay off bills and wages ? The statement just seems a bit vague.

Why ASAP? Are you thinking of investing?

edit...............oh I read that again, I see what you mean now. Money needed asap, not your update needed asap.

We could promise to pay him then not bother

I'm guessing the reason behind MC trying to take over is because no business in its right mind will deal with this club smiles he's still the owner.

Worked for me. Unless you're bringing in an act that will draw a crowd, no point having pre-match or half-time entertainment beyond Daddy Cool doing his stuff and just play music over the tannoy.

I think 400k is the gap between what we currently know to be coming in, and what we need to cover all the outgoings; I don't think it's necessarily that one person needs to bang 400k in, rather that the gap has to be closed either by increasing income, reducing outgoings or more likely, a combination of both.

There is a 400k shortfall that needs to be found by end of year so we can still operate. Pay wages+bills etc.
Supporters taking there season tickets back and asking for refunds ain't helping!

That's how I read it, basically its saying total operating costs must be reduced by £400k to break even.

Paying of our debts is another matter completely.

No - that's not what it means; see my post above.

That question is not answered in the information he's provided.

rlTry thisrl - it might help.

Maybe its me who's thick but with Newmarket on the horizon could we not raise the money from an up front payment from the pending sale of belle view.

We don't own it - the Bank of Ireland do.

The ground is owned by someone else, not the club.