If you build a £25m stadium you have an asset of value whether you like it or not. It is not dependent upon who the purchaser maybe and whether they want the stadium. If the stadium is worthless why not gift it to the fans or the community with a covenant? Why transfer a supposedly worthless asset? Under Wharton – many years ago it was valued at several £m.
The £1.7m figure came from social media in the public domain, will happily retract the figure when the club confirms the size of the loan. Clearly if the loan is much lower Peter can soon clear it and we can come out of the transfer embargo.
