...yeah, just looked and forgot Tom.......
Good point Brin.....but we had a lot more funding last season in the Championship...........but still a good point pal.
I bought a prog. at the Accy match and was surprised how many non-playing staff are on the books and all need paying, ok all teams have them, but still alot.
I doubt it is a straight cash deal. Probably in installments over idk how long. Doubt we have the cash just sitting there idly. TS is a businessman, he knows you need to invest to grow so I'm sure he would if he was sitting on a pot of money. Also, like others have said, what money has come in is probably covering shortfalls in the budget somewhere else.
Angus, only because he’s a mystery atm
Barlaser
We have sold one player for a fee,and fetched in 3 who we have paid money for, there's your answer, no great mystery.
So we sell Ladapo to fund buying a striker,yeah that makes complete sense.
Last accounts showed a loss of £1.2m before tax and those accounts were boosted by the sale of Vaulks & Ajayi.
In March 2020 asd lighting holdings limited took out a £2m share issue in RUFC to help cover reduction in match day revenue and reduced funding from the efl, without that £2m share issue RUFC accounts would show a considerable loss.
Legal costs increased due to covid safe working practices.
RUFC utilised the government coronavirus job retention scheme for £405k and staff and players were furloughed from March when the season ended early. They also took a bridging loan for £128k from the efl.
The cash flow forecast for the next 3 years from 2020 shows RUFC will have to rely on its subsidiary company asd lighting plc to enable it to trade as a going concern.
Its already been mentioned, the Crooks money may be being paid in installments or being used to pay debt off.
Out of interest Brin, where do you think all the cash has gone ?