I think that PIK thing makes sense, RBS have them by the plums and are crushing them to make them do what they want. RBS have basically said we will refinance but it will cost you a huge sum, the c*nts have no choice but to accept. RBS then put conditions in to say you must sell the club, it will be a board decision who to and if you do not do this before the end of the transfer window, when the club becomes less attractive to buyers, then it will cost you another 15m. We also need to remember that this is added debt on kop holdings which any takeover will clear, the more debt cleared the less profit for those two c*nts