Correct, which is why they only ask for proof of funding to cover the short and medium term. No one can foretell what will happen in 4 or 5 years time but if you're buying a business losing £3m a month it's only prudent for them to ask if you at least have the funds to cover those losses until the season ends and what you intend doing to stem or cover the losses in the future. Cheers Paul
On 26 Feb 2014 19:18, "Jim Moran" <[email protected]> wrote: > > Is it the football league's job to decide if Cellino has enough money to guarantee years of financial stability? Surely that's none of their business? _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] John 'Grampa' Sykes Rest In Peace old lad 28th Oct 1938 - 12 Nov 2013 MARCHING ON TOGETHER
