That’s what I was thinking when I saw it was a loan with obligation, but I wonder if it was more from Newcastle’s side and their own FFP requirements?
I wouldn’t claim to know their financial position, but perhaps they are maxed out on a FFP basis?
If we were needed income for current FFP compliance, as many Twitter users are desperate for the world to think, then we would have insisted on the immediate sale - otherwise what’s the point?
So this being a deferred purchase could well be at Newcastle’s request, and one that equally suits us with the booking of income next year.