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nd 24. 2m on players during this summer's transfer window. Bowkett had revealed the club would be free of all external debt when last year's accounts were revealed. That was also a day that Bowkett boldly predicted that the club would avoid Premier League relegation, saying: "We will be there next year. "At the time City hadn't won any of their first seven matches of the season but his faith proved to be justified, with the club eventually finishing 11th in the Premier League. That has seen City able to spend 24m on players in this summer's transfer window, with Bowkett saying: "I think it's unprecedented in the history of the football club, both relatively and absolutely in real terms, and we don't have any debt. "I remember when I ran Boulton Paul and Robert Nike Roshe Run Kids Grey
Chase was still running the football club he was coming round trying to borrow money then, 1984, so that's 30 years we've been running with debt.
"The balance sheet still shows 900,000 of debt but Bowkett Nike Roshe Run Dmb Black explained that 700,000 is preferred shares, or company stock which is paid to shareholders, leaving 200,000 of debt, which has since been paid off. "We had a debt of 11. 3m last year and we've paid it off, so Roshe Nike
effectively this club has no external debt," Bowkett continued. "Internal debt with the directors is 2. 1m and we would be budgeting to eradicate that in this financial year and I don't think there are many football clubs in the Premier League who could have a balance sheet like that. "Over the past few years we have spent a great deal of time and effort trying to improve the football offering to our fans while being constrained with a legacy of a Nike Roshe Run Villain Red
very difficult balance sheet.
"We were able last year to basically throw off all the remaining difficulties of the old balance sheet and implement what we had been trying to do, which was to run the club as equivalent to a mutual while still making a profit. Despite the club's profit dropping from 13. 5m to 0. 5m, Bowkett said that was because all spare money was being invested in the playing squad. Bo.
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