Share issue

[billy1912]

I was just wondering what has happened since the last share issue regarding themoney generated. Has ne 1 heard of plans for training centre as promised and when will strach get money for players instead of bosmans

[Dempsey]

The last share issue raised about £15M. Dermot Desmond agreed with the board before the issue to buy about £9M to cover the cost of the planned new training ground. Most of the rest went towards debt reduction. The debt has been reduced by 50%, from £19M to £8.5M. These were the main aims of the share issue and they succeeded very well imo. None of the issue was for players.

The land for the training ground is bought, the plans are drawn. I dunno when construction is starting, it could have started, i dont have a clue.

GS will get money at the end of the year if we have automatic CL qualification. He'll get some of the projected profits to play with.

Our wage bill needs further reduction, Lennon, Thompson, Hartson, Balde are overpaid