Another interesting issue that has emerged is that (if I understand the document correctly), when Burnley sold Chris Wood to Newcastle they only got 50% of the transfer fee*, with the other 50% (ie, £12.5m) being due a year later. To "tide them over", Burnley then borrowed that £12.5m from Macquarie Bank. [*NB: I realise deferred payment terms are relatively normal, but in this case Burnley were negotiating with the richest club in world football, and on the face of it had them over a barrel....it seems their negotiating skills were rather lacking].
