Quote Originally Posted by Red Zone View Post
A few additional "highlights" from me

-They lost £11M last season on sales of £53M (mind blowing stuff)
-Anyone who thinks that sevco doing well in Europe is an idiot - they had £14M of income from Europe last season
-Their wages bill was £34M (compares with our bill of £9M)
-They have converted £34M of cash put into sevco from debt to equity (basically shareholders have in effect written off their chances of ever getting that money back - unless they sell sevco)
-They had a net spend of £6M on transfer fees last season
That’s the thing though, despite the equity conversion and the run in Europe, they’re still short of circa £10M they need to pay their liabilities until the end of the season.

They need additional loans, a longer run in Europe and / or player sales in January.

Additional the kitwear costs are still to be disclosed as I understand.