Quote Originally Posted by dml1954 View Post
If you want to read the full accounts for 2018/2019 they are freely available online. In the meantime you can read this bbc news summary report on the accounts for that period and if you put your glasses on and concentrate, you can see in the report that Mr Tan repaid himself £32m from the Premier League income which reduced his overall debt to £40m from £72m the year before. Turnover in the Premier League was up from £34m to £122m due to increased tv revenues. He did something quite similar in 2013/2014. https://www.bbc.co.uk/sport/football/51737846. FFP has got nothing to do with debt repayment from turnover either - it is related to the proportion of income that is taken up by player salaries and ours was very high in the Prem.
From the article:
“The reduction in debt due to Tan has been replaced by other loans of £39.5m from other unnamed parties, who are not shareholders or directors.”

It is true that Vincent Tan has reduced his loans to the club by converting some of them to equity, but to say that he has been able to take money out of the club is incorrect.