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Mike Ashley



itszamora

Go Jazz Go
Sep 21, 2003
7,282
London
Ashley apparently had NO IDEA they were still paying off transfer fees for some of the players at the club, and didn't realise that when a club agrees a fee of x million for a player, the cash doesn't change hands overnight but is usually fixed over a certain period - this apparently came as something of a shock to him after he'd bought the club, and was a financial burden he simply had not factored in.

Seems there were a few things not in the brochure. A victim of his own ego and naivity.

Surely due diligence would show things like this up though - or did he not bother with that?
 




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