Originally Posted by
pineapple stu
A football club - even Dundalk or Rovers - is a small entity in the bigger scheme of things.
It has debt of course - bank loans, Revenue arrears maybe, trade creditors and so on.
But if it has debt that either needs to be restructured or reclassified, then it's getting into complications that a small business generally doesn't have. So that's the bit that I find unusual in all this, particular as a club with a history of recent good transfers and European money. Yes, the budget went south, which can happen, but I don't that there should be a huge need for complicated debt agreements which would presumably have been entered into at a time that the club was relatively new and successful.
On buying now rather than picking up a debt-free company later, possibly the issues around Waterford's European qualification, having done effectively the same thing, came to mind?