I haven't seen the accounts yet, but I'll pretend I have. The Bellefield money will have been included, I think that's a safe bet. I'm reasonably sure that Paul is correct by the book so to speak, with the £4.5m being the interest costs quoted.
But I think there would be other areas where we have utilised finance, at our future cost, but not all of it will be classed as interest. EG. More generous terms if partners invest in construction or setup costs, receiving cash up front on transfers and paying a larger fee over a number of years, when purchasing.
But it's also important to remember we reduced the wage bill quite significantly in the summer following those accounts. Next year will show the sale of Arteta, Beckford and others. We have a much smaller squad than last year and our wage bill will reflect that in the next accounts.