I think we're getting a little sidetracked into a discussion on who counts as an outside backer or whether the various backers are good guys like Wallace or bad guys like the Kilkoynes. The point I was making originally was that I'd draw a distinction between clubs like Sligo or Cobh who run up a loss but are able to trade out of it and clubs who run up losses so big that they can't possible trade out of them.
I think running up big debts leaves a club vulnerable but that it's not the cause of UCDs likely relegation.
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