Outside of the development the debt as long as it is just director loan is pretty irrelevant. It will only ever be paid back through redevelopment profit, lower league clubs are loss makers so it won’t ever be paid pack otherwise and will have to be written off if the owners want to offload the club.
Should the club be taken over by a group with limited finance, without the ability to fund the loses the club often makes then I’d imagine the player budget would have to be a lot more cautious and reduced than it currently is which I’m sure would go down well!.
I understand your point, but the amount of director loan is relevant. Had KT and DB managed to get the land deal done when they had only put in a million then there would have been far more money left over for "the Club".....now they are £7m in, what benefit do you see for the Club when, or rather if, a deal is signed off?
A finished stand....which will mean 16 boxes and some cladding, a car park and a tented village. No overall capacity increase, no tidying up of the rest of the ground...... hardly what we all envisaged is it?
What happened to the 24/7 income, the hotel, the Conference centre, you know the things that were meant to drive this club up to a new level of sustainability?