The bank suddenly losing confidence would have been for two reasons. Firstly, it probably had something to do with the global banking crisis. Secondly, it would have become apparent what the overdraft was being used for (to cover losses), this couldn’t be allowed to continue indefinitely, and therefore they demanded their money back.
If your account was accurate then we either have an untouched 30million pound overdraft just sitting there, or an outstanding overdraft that could be demanded back at any time. Neither such scenario is very likely. It would also mean that our long-term debt would have been briefly reduced (it wasn’t) and that we immediately took out a similar loan as soon as it was paid back. This isn’t the case for the long-term debt, but it is the case for the short-term 12 month loans from Rob Earle, or his BVI registered company.
I’m not the one kidding myself mate, a whole load of additional revenue is on its way, and unless the club finds a way of spending it we will end up making a profit. Our assets far outweigh our liabilities, and Moyes made those comments immediately before taking his entire backroom staff on a jolly scouting trip in Norway.