2024 Accounts

[magpie_mania]

Re the ?27 million debt - is that all owed to the bros?

I can't see where there is a ?27m debt.

[magpie_mania]

I can't see where there is a ?27m debt.

Maybe I can!

[slack_pie]

Maybe I can!

Yeah, I wish I hadn't seen it!

[1955pie]

Yes I thought on average we were losing approximately 2m a year in the NL and they also got stung by covid so with last years loss too I wouldn?t be surprised if it?s quite a bit higher. I guess all irrelevant if they?re comfortable. Good points from others on away attendances at Meadow lane and I?ll flirt with my usual optimism we?d be top half if we got there.
I?m still under the view that they?ll try and stem loss at about ?30m and hope to break even with a hope to get to the champ and sell us for more than that which I guess is conceivable for a well run club with 15-20k attendances in the champ.

If Florist maintain there PL status, especially if they get into Europe with a 45000+ capacity ground then I think 12-15k would be more like it.
Unless of course we sell our souls and give the away side a big advantage every week by letting them have the entire Jimmy Sirrel Stand.
I can remember crowds of less than 10000 when we were last in the top division.

[Davy500]

If Florist maintain there PL status, especially if they get into Europe with a 45000+ capacity ground then I think 12-15k would be more like it.
Unless of course we sell our souls and give the away side a big advantage every week by letting them have the entire Jimmy Sirrel Stand.
I can remember crowds of less than 10000 when we were last in the top division.

Think the average was 11000 when we were last in the top flight, however all gates across the board were a lot lower, clubs like wolves had average 13000 etc

Gates for football have risen year on year across all divisions, especially since covid

11.000 back then in 91/92 the probably equate to 25 to 30000 plus in todays top flight as an average for home attendence in todays top flight ground allowing

[OP67]

You don't buy what was a non league club to make money fast So long as the debt is manageable which it is and they don't want to sell anytime soon which I don't believe they do then there's no worry.

[Evesham Pie]

Re the ?27 million debt - is that all owed to the bros?

Although cumulative losses are ?27m the actual debt is ?17.1m. The difference is down to the fact that an element of the losses have been funded by the issuance of new shares to owners over the years, including the Trews, Hardy and the Reedtz brothers.

All the ?17.1m is owed to companies owned or associated with the Reedtz. I think the last time I checked Football Radar was owed ?7.3m by a "company connected by mutual control", which I assume is Notts, plus ?3.5m owed to a connected party, which I assume is one of the Reedtz and may well be the monies paid up front to Hardy / initial funding for Notts.

[DoddingtonPie]

Debt on top of debt. Perpetual debt, forever.

Eventually the debt will have to be repaid. But don?t worry, I?m sure everything will be fine 🌹👓

[Boomerangpie]

Debt on top of debt. Perpetual debt, forever.

Eventually the debt will have to be repaid. But don?t worry, I?m sure everything will be fine 🌹👓

Hold on do you expect the club to be run debt free? Has the club ever been debt free?

I wouldn?t panic just yet

[SwalePie]

Negative 'profit and loss reserves' figures are not debt. The number basically represents the accumulated losses over time.

ETA: didn't see Evesham's post explaining, sorry.