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"The objective is to secure a sound financial platform from which the club can rebuild for the benefit of the fans, staff and sponsors.
Gazidis also updated the AGM on the club's "sound financial platform", with all bank loans paid off and the only outstanding debt now related to the stadium move, which is set at affordable long-term rates.
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Sound financial management is key to the program's sustainability.
"While we applaud innovation in the capital markets, new platforms and products must obey the rules and ensure the basic fairness and disclosure that are the hallmarks of sound financial regulation," Robert Khuzami, director of the S.E.C.'s enforcement division, said in a statement on Wednesday.
"While we applaud innovation in the capital markets, new platforms and products must obey the rules and ensure the basic fairness and disclosure that are the hallmarks of sound financial regulation," Robert Khuzami, director of the S.E.C.'s enforcement division, said in a statement Wednesday.
That is a desperately poor basis for sound financial planning.
The company is on fairly sound financial footing.
It must return Social Security to sound financial footing.
Is that a sound financial decision?
"We're on a sound financial footing.
Finance ministers have personal interests in a sound financial position.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com