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Would relegation be that bad?

Finney Is Back said:
Our loans have a mixture of maturities. I think we have been taking on new debt as our existing loand mature. Finding new credit lines at low interest rates would be extremely difficult if we were in the championship. There are also stories that our debt covenants state that we have to carry a certain level of liquidity. It would be difficult for us to carry those level of liquidity in the event of relegation, penalties would be incurred if we didn't meet our covenants. We would definitely need a big firesale of players to stay afloat. I think we could probably sustain two years in the championship. If we didn't come up in year two then I think we'd need new owners (or at least large liquidity investors).

The good news of course is that we have just increased our chances of staying in the league by a massive amount now that we have sacked Frank.
Click to expand...

I have heard EXACTLY this. I also heard the other dreaded 'R' word in the mix. I think many are not seeing the wood for the trees. These next 12 games are among the most important in our history. That is not hyperbole.

I further agree with your final sentence. Anyone who comes in and tells these players they are
a) good players and
b) allows them to play football
will (IMO) be able to get the necessary survival points.
 
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