well my basic understanding is of finicial situation of the club is we have a large debt. i think 13 million, this debt was transfered to the leagues club but part of the deal with the bank with this refiniacing was that the leagues could only give the football club i think 500k per year.
our current managnment & board have cut costs considerably & the football will not lose any money this year.
currently we are going ok on finicial basis but find it hard to compete with the richer clubs, for example it has been widely reported that we had 200k available to spend this year under salary cap rules, five other clubs were fined for spending more than is allowed with the salary cap. so this over spending by other clubs & us under spending could be the difference betwen having a extra star player & have the current team.
we all know about our proposed developnment & hopefully once completed will improve our finiances & hopefully lead to a lot of sucess on the field as well.