There's been a lot of spending at Dean Court. |
The £7.5m loan to Wintel Petrochemicals is said to be due to expire on 5 October and I do wonder what that means for the summer months and transfer business. If sales do need to be made then AFCB has the players now to recoup much of the debt but if team strengthening is the plan this summer then new funds will need to come from some source. The rumoured £3m interest of Crystal Palace in Lewis Grabban may well see something happen if the Cherries need to sell, but if you compare Lewis to Jordan Rhodes scoring power then an asking figure of £8m is surely nearer the mark. We can expect players like Matt Tubbs, Miles Addisson, Josh McQuoid and Shwan Jalal to leave the club while Stephen Purches and Richard Hughes will probably hand up their boots. But large sums of money will be needed to bring the balance back to something more reasonable and I suspect that further loans are a possibility.
When you consider what the losses were in 2013 at Bolton £50.7m, QPR £65m, while Leicester City had Vichai Srivaddhanaprabha to bail them out of £103m in debts, you may not think that AFCB's losses are not so large, but for a club that has not been operating long in the the higher eschelons of the football league it is important that the finances quickly come into order for the future safety of the club. Even Nottingham Forest who the Cherries beat at the weekend only has losses of £12m in 2013.