Its a long time ago and I don't remember all the details, but if I'm not 
mistaken that logic -- which would be spot on in most contexts -- did not apply 
at the time because all of the player contracts were hocked.  In other words, 
that 7 million quid did nothing for us.  It reduced a mountainous debt by a 
minimal and barely perceivable amount.

Michael A. Gardiner
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On Dec 17, 2013, at 3:46 PM, 
<[email protected]<mailto:[email protected]>>
 wrote:


But there was no option for Smith to stay. ManU offered ?7m for him. Under
what circumstances would the management of a failing business have refused
that?

What Smith said was irrelevant. He had no option to stay, even playing for
nothing.

I have a pretty good idea about the deal. What was reported at the  time
was pretty accurate.
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John 'Grampa' Sykes
Rest In Peace old lad
28th Oct 1938 - 12 Nov 2013
MARCHING ON TOGETHER

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