What he tells us next is still more astounding; after this assertion about the booty, he states that just ten days before the battle an envoy from Ptolemy reached Cleomenes informing him that that king withdrew his subvention and requested him to come to terms with Antigonus.
He says that Cleomenes on hearing this resolved to stake his all on a battle before it reached the ears of his troops, as he had no hope of being able to meet their pay from his own resources.
But if at this very time he had six thousand talents at his command, he could have been more generous than Ptolemy himself in the matter of subventions;
and if he could only dispose of three hundred talents it was enough to enable him to continue the war against Antigonus with absolute financial security.
But to state in one breath that Cleomenes depended entirely on Ptolemy for money and that at the very same time he was in possession of such a large sum, is a sign of the greatest levity and want of reflection.
Phylarchus has made many similar statements not only about this period but all through his work. I think, however, that what I have said at such length as the plan of this history allows should suffice.
Walbank Commentary