Not all debt has to be bad.
Nothing is achieved without debt,
ABSOLUTELY NOTHING
From a future space exploration to personal spending to buy a new car, it is all achieved with debt.
It doesn't mean it's right, but it is the way it is.
Anybody can be proud of themselves at not having debt, but the person or company that never had debt never achieved anything.
The way things are nowadays, if Mr & Mrs Average want to save to buy a car, they would never own a car, and certainly not a property. The cost will always escalate beyond their savings capacity.
When we were about 20 years old my foreign mate had about £400,000 of debt. He was constantly shitting himself about it, but he had a vision of what he wanted to do.
Me being a clever cunt and doing what I was told by my Sheffield peers had no debt. "Don't borrow money, if you want something save for it" I was told.
At 28 I still had fuck all, until I thought fuck this and went out and borrowed
My mate now has property worth £10,000,000
All achieved with debt.
Debt is only a bad thing when it is out of control and the goods you bought are no good. And this is Sheffield United all over, they can't get value for money, because they scrimp and whimp out on the deals that matter.
Quite happy to waste 100% of the budget on shit to save on wages and be stuck with that shit for years because nobody else wants it, eventually having to pay the contracts up to get rid of them, rather than some researched and calculated risks in buying tomorrows superstars.
We all know who these players are, so why doesn't the club ?