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Annual Accounts Published


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Can someone please summarise:

 

  • Are we dead, dead rich?
  • If not, are we going bust?
  • Does this cover the new ticket prices, and if it does what impact that has had?

 

Kivo, you're usually good for this sort of thing.


Right I've just read the first page which answers my last question. Stand down, Kivo. 

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Nothing unexpected in these,year end  May 2016, will be much more interested.

 

Highlights.....income up (tickets sales and commercial activities)

                    Debtors up by approx £1m (owed to Wednesday).  No real breakdown in accounts as to why.

                    All monies owed to previous directors (apart from £3000 mentioned contingent liabilities) now repaid.

                    All First and Second legal charges removed from Hillsborough Stadium.

                    Chansiri put in a £5 loan on day one to help cash flow and ensure payments made when they fell due. 

                    No mention of sponsorship monies owed by Mammatov or if we intend to chase this debt.

 

Summary...

                    Much stronger set of accounts, despite still supporting losses (albeit reducing). Net worth of company is healthier, although the true worth is not representative, as they do not take into account Chansiri's full involvement and his substantial backing/ personal worth.

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Nothing unexpected in these,year end  May 2016, will be much more interested.

 

Highlights.....income up (tickets sales and commercial activities)

                    Debtors up by approx £1m (owed to Wednesday).  No real breakdown in accounts as to why.

                    All monies owed to previous directors (apart from £3000 mentioned contingent liabilities) now repaid.

                    All First and Second legal charges removed from Hillsborough Stadium.

                    Chansiri put in a £5 loan on day one to help cash flow and ensure payments made when they fell due. 

                    No mention of sponsorship monies owed by Mammatov or if we intend to chase this debt.

 

Summary...

                    Much stronger set of accounts, despite still supporting losses (albeit reducing). Net worth of company is healthier, although the true worth is not representative, as they do not take into account Chansiri's full involvement and his substantial backing/ personal worth.

£5 loan - Thats generous ...

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Disappointing that they don't show gate receipts or wage expenditure like in previous accounts

You be disappointed.

The rest of us will be happy they are relatively vague.

Although greater detail will have been provided to the league, the lack of detail made available to the public could make it harder for journalists, or fans of other clubs throwing FFP accusations at us as we move forward.

Edited by Neal M

I move a lot of concrete on the QVC.

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