https://www.nufc.co.uk/news/latest-news ... s-revealed
https://www.nufc.co.uk/media/39555/fans ... r-2018.pdf
Still reading through, but this sounds like a key passage.
Other points:AH: “There is an idea from fans that the club has £30m - £50m in the bank. Is that accurate?”
The club stated that it was an oversimplification to talk about a cash position at any particular point in the season. The cash flow has peaks and troughs through the season and has to be managed – including periods to ensure the club is not in a negative cash balance – with support given either by the owner or through an external lender.
Either way, by the end of the financial year we aim to pay back what is owed, in terms of short term funding, to whomever it is owed. The amount owed to the owner was disclosed in last accounts and the figure is currently less than that. However the source of funding and level of funding required for the remainder of the season is not yet finalised, so this position may change.
Premier League payments are not made in full at the start of the season and come into the club in three main instalments in July, January and at the end of the season. The club also receives smaller monthly payments.
- Mitro money is spread over 4 years. Club prefer to be paid a higher total in instalments rather than less up front, and vice versa for purchases.
- Club would rather put money into players and paying off debts than improve the training ground, and doesn't have faith in the academy as a potential source of talent
- Club remains for sale, nothing is close as it stands
- Sports Direct now pays for advertising in the stadium (no figure provided), is allocated what advertising the club fails to sell