Quote Originally Posted by the other bob wilson View Post
All of this we can't spend much stuff baffles me. After years where we owed substantial sums to various creditors the last accounts show us owing a substantial amount to only our owner who is in the process of turning much of his debt into equity. Since the accounts were published, we've had a season of Premier League TV rights payments and are now due two seasons worth of parachute payments which I believe amount to something like £80 million - our financial position is much healthier than it was, we averaged 31000 plus this season, we'll probably have about 20,000 season ticket holders next season and yet we're still "plucky little Cardiff City" to so many of our fans.
That will involve more debt that Tan will be required to convert to equity so I can well understand his reluctance to spend heavily on new players. If debt levels increase we will be back to square one. I would rather have a club that is solvent than one that is flirting with HMRC over missed tax payments.