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Thread: Current Financial State of Play - April 2023.

  1. #1

    Current Financial State of Play - April 2023.

    We are back in the EPL, outstanding accounts due out imminently, here's what VK has to say...

    https://www.lancs.live/sport/footbal...m_medium=email

  2. #2
    Join Date
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    21,838
    If Vinni is happy, then no problem, that's the main thing. The accounts due out soon will only report on the year ending July 31st 2022, so we'll still be in the dark about what's happened in the last nine months, but that's always the case, nowt to do with ALK or Mr Pace.

  3. #3
    Join Date
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    If there are any concerns post the financial year end, the auditors are entitled to comment on the developments. This does also include positive aspects like the loan being repaid.

    This comes under the heading of «*subsequent events*» so there may be some indication in the 2022 FS of the financial health of the club post the year end.

    I think we are guaranteed £110 million next season. Hopefully it will not be as under Garlick’s tenure - £10 million for players and £100 million for the shareholders - including Garlick himself, of course.

  4. #4
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    Quote Originally Posted by Swissclaret View Post
    If there are any concerns post the financial year end, the auditors are entitled to comment on the developments. This does also include positive aspects like the loan being repaid.

    This comes under the heading of «*subsequent events*» so there may be some indication in the 2022 FS of the financial health of the club post the year end.

    I think we are guaranteed £110 million next season. Hopefully it will not be as under Garlick’s tenure - £10 million for players and £100 million for the shareholders - including Garlick himself, of course.
    True enough Swiss, the Chairman can also update the situation in his preamble. Be interesting to see what Mr Pace does choose to add. Not much would be my expectation, they do seem to prefer to operate on a 'us to know and you to find out' basis. But I could be wrong.

  5. #5
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    They do want to attract additional investors so Pace may want to use the FS as a tool to attract with an upbeat report.

  6. #6
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    I'm interested to hear what your thoughts are when you've read the report. Please keep us updated.

  7. #7
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    Some guy on the dark side has been srudying the accounts and the loan sitution. We've paid off the MSD loan in full and replaced it with a new £39 million loan at a much reduced rate of interest. It was assumed this loan was from Maquairie but it seems not, and while there's no actual evidence as to the loanee, it looks most likely to be...........Mike Garlick.

  8. #8
    Quote Originally Posted by sinkov View Post
    Some guy on the dark side has been srudying the accounts and the loan sitution. We've paid off the MSD loan in full and replaced it with a new £39 million loan at a much reduced rate of interest. It was assumed this loan was from Maquairie but it seems not, and while there's no actual evidence as to the loanee, it looks most likely to be...........Mike Garlick.
    Let me get this straight. We buy the club using the club's own money which is then pocketed by the majority shareholder, who then lends the club the money back to keep the club afloat?

    Swissclaret's yoghurt will be curdling as we speak.

  9. #9
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    Quote Originally Posted by The Bedlington Terrier View Post
    Let me get this straight. We buy the club using the club's own money which is then pocketed by the majority shareholder, who then lends the club the money back to keep the club afloat?

    Swissclaret's yoghurt will be curdling as we speak.
    So it seems, and will be pocketing £3 million a year interest on the loan.

  10. #10
    Quote Originally Posted by sinkov View Post
    So it seems, and will be pocketing £3 million a year interest on the loan.
    Alto will be turning in his grave.

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