Quote Originally Posted by Ninian1962 View Post
#Steve`s response is really strange because converting debt to equity has no impact on Profitability and Sustainability (FFP) compliance. It is a balance sheet adjustment which improves that balance sheet but has no effect on the profit and loss account which is what FFP is all about.

Despite the above misunderstanding , a debt to equity conversion should be very much welcomed as it is a return to the steps promised by VT to convert all his debt to equity which has been delayed by the impact of Covid over the last coupke of years.
Yes, when Steve replied I thought it a bit strange, as it appeared to me that VT was taking on £45m of debt, which is clearly good news for the club.