The actual text is:
"....one of the most unfortunate things about Newcastle United finances at the time was the amount of money still owed on players signed in comparison to the amount of income that was due off players who had gone. There is still £27 million net to pay on transfers that were done before I came."
I thought that this would all be gone after he cleared the clubs debts.
Perhaps it was just immediate debts rather than drip payments on fee's paid previously?
I'd be interested to see how much we're owed in comparison. Can't be much.
He paid off less than £80 million, I think it was something like £77 million and the club had more than £100 million.