Well the sales of players, training grounds (Bellfield and Finch Farm) and what ever else has been sold off would suggest that the net dect would decrease; yet looking at last years accounts they haven't. For the company to take out loans against future income (i.e. sky and season ticket sales) then i presume a business plan of sorts would be in place to service these ongoing debts, as well as factoring in such things as contract renewls inc. agent fees. So the money that has been generated would normally be outisde of the boundaries of any financial forward plan, and in all honesty would normally go to reduce the overheads of such a large debt, yet it hasn't. It hasn't been reinvested in the facilities, playing staff or anything else that is visible to the fans, so where as the money gone?
