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Glick reveals debt-tackling plans
Published : 07 Apr 2009 13:41:00
Glick told hundreds of Rams supporters at a fans forum at Pride Park on Monday night that the debt currently stands at £23million. Chairman Andy Appleby claimed that General Sports and Entertainment took on a debt of £31million when they bought the club in January 2008 and revealed plans to bring it down to £15m. The 90-minute question and answer session gave fans the chance to quiz the club's management team of Glick, chairman of football Adam Pearson and first-team boss Nigel Clough. When asked about the debt, Glick said: "It has been reduced to £23m and the plan is to reduce it to £15m by August 31, which will be the mortgage on the stadium. It is an important step to get to that point and we will get there." Pearson added: "We think the club is going in the right direction and is as healthy as it has been for some time. The management and safety of the club is very important."