2024 Accounts

[Old_pie]

Kieran Maguires on magpie circle now, very interesting.

He certainly got a grip on the EFL's financial rules.

My take on all this, some of which I've mentioned earlier is:

1) The Reedtz Bros are prepared to put in about 1.5million/year. This is what they are prepared to pay to run a football club and consider it as the cost of their season ticket with trimmings. 750k each, over 30 home games a mere 25k/game.

They, unlike Hardy and Trew, are not driven by the desire for adulation and fame and they only support Notts because that is the club they ended up with in their bid to prove their theories of how a football club can be run sustainably (ie not beyond their abilities to prop up). I believe they intended to do this by making maximum use of their Radar data and no doubt successes in the transfer market enhance the profile of Radar. Like any project they will become somewhat emotionally invested because of the effort they have put in, but they will never be driven emotionally and that has positive and negative connotations for us.

2) I don't agree with Kieran that the Bros have put in the 27million showing at a loss on the Balance sheet. My theory is that a significant amount of this is money owed to Hardy. Example of how this works:

Hardy holds out for a price of (I'm making up figures here), 15million. The Bros agree to pay off the 3million HMRC debt, tell Hardy he can have 2million cash and the remaining 10million will show as a non-convertable debenture (this means Hardy cannot call it in). If ever the club makes it big then the club can pay some/all of it to Hardy. The likelyhood is that this figure will always show and I wouldn't be surprised if there are a few million there due to Trew.

I don't see any way that rational businessmen would have put in 27million and the above is my only explanation of the balance sheet in the absence of having access to the full and detailed accounts. Kieran Maguire also would not have access to the full accounts but can deduce more from trying to work out our wage figure from the EFL anonymous figures.

The issue for the Bros is that they know that potentially they can reduces their losses by getting into a higher league and if they delay doing that it is going to cost them more in the long run - but they have to get it right.

[Mud Pie]

He certainly got a grip on the EFL's financial rules.

My take on all this, some of which I've mentioned earlier is:

1) The Reedtz Bros are prepared to put in about 1.5million/year. This is what they are prepared to pay to run a football club and consider it as the cost of their season ticket with trimmings. 750k each, over 30 home games a mere 25k/game.

They, unlike Hardy and Trew, are not driven by the desire for adulation and fame and they only support Notts because that is the club they ended up with in their bid to prove their theories of how a football club can be run sustainably (ie not beyond their abilities to prop up). I believe they intended to do this by making maximum use of their Radar data and no doubt successes in the transfer market enhance the profile of Radar. Like any project they will become somewhat emotionally invested because of the effort they have put in, but they will never be driven emotionally and that has positive and negative connotations for us.

2) I don't agree with Kieran that the Bros have put in the 27million showing at a loss on the Balance sheet. My theory is that a significant amount of this is money owed to Hardy. Example of how this works:

Hardy holds out for a price of (I'm making up figures here), 15million. The Bros agree to pay off the 3million HMRC debt, tell Hardy he can have 2million cash and the remaining 10million will show as a non-convertable debenture (this means Hardy cannot call it in). If ever the club makes it big then the club can pay some/all of it to Hardy. The likelyhood is that this figure will always show and I wouldn't be surprised if there are a few million there due to Trew.

I don't see any way that rational businessmen would have put in 27million and the above is my only explanation of the balance sheet in the absence of having access to the full and detailed accounts. Kieran Maguire also would not have access to the full accounts but can deduce more from trying to work out our wage figure from the EFL anonymous figures.

The issue for the Bros is that they know that potentially they can reduces their losses by getting into a higher league and if they delay doing that it is going to cost them more in the long run - but they have to get it right.

interesting post. I guess the exact accounting of that 27m could vary a lot then.