Hardly any of them run debt free. It’s just that some clubs are propped up by money put in by benefactors, rather than it being set against the clubs as loans. In fact, DC told me himself that our position would have appeared much worse had he not used his and his fathers money to keep the books clean.
I’m pretty sure he knew they would not get the loan, if the council thought it would pay off existing debt.
Sweet Jesus are you seriously using Cardozo as a reference?