Sorry Mini Andy to correct you, the investor put in a small amount compared to turnover, the debts were only paid off by the cup run recently. His investment shored up the annual shortfall and paid off directors interest free loans.
The debts were from years of staying professional but underachieving, going through managers like a dose of salts etc.
I'm not having a go by the way, our old owner covered our shortfall every season, before writing off a £6m debt and gifting the current owners the club for free. On top of that he even chucked in our old training ground that was being sold to developers.
Without him doing that, I doubt we'd even have a club now, as nobody in their right mind would buy us back then!