scarrie wrote:
It was interesting to read in that article about Saints finances that McManus said he was expecting losses to be higher this/next year due to paying back the covid loans.
If that is the case and they haven't even started paying them back yet then I assume AP has just gone all out to clear them as fast as possible.
Could just be that Saints have paid them off or at least started to pay them this year but won’t appear on the figures until next year? It was said that we aimed to have ours paid off by early 24 but nothing has ever been mentioned since.
Interesting McManus he’s also said that Saints won’t stop spending to the max of the salary cap as it’s a false economy otherwise. They obviously don’t want to risk losing income and supporters for good. If we had any clarity on our financial situation we could at least see if the gamble has paid off for us in cutting back spending on staff/players but we don’t know, for all we know we might not have got any further then Saints in paying them off.
