How much will we make from play offs?

[cayambe]

My understanding that after deduction of expenses the receipts from the 4 games are pooled with 50 % to EFL and 12.5% to each of the 4 clubs. If the total attendance at the 4 matches is 60,000 at an average £20 per ticket that would imply £150,000 for us. Plus Sky or is that already paid for?

For the final the same with 50 % divided between the 2 clubs. Say 45,000 at £30 would give us about £380,000.

No prize for promotions (but pay out to Div 1 clubs is higher than that for those in Div 2)

Anything is welcome - from the £150,000 to the £530,000.

Thoughts??

[_Stefan_Kuntz]

Nobody wants to acknowledge that the club is dying.

When all of the club's yearly income and expenses are summed up and there is no transfer fee income and little prize money the club needs more than 500,000 extra money each year in order to continue to exist. Latterly this season crowds have been proportionate to success on the pitch but only latterly and there have been a lot more win / draw bonuses paid than last season. Greg Abbott's recruitment department has done well but it does not work for free.

More than 600,000 is owed to Pioneer. Pollyanna will say that this need never be paid but Private Frazer will dispute that.

The debt to Philip Day's Purepay is approximately 2.6 million, maybe 2.7 million and when the expected raise in Bank Of England Base Lending Rate of an extra half a percent kicks in it will be 4.5% and the 1921 interest rate on the debt to Purepay will be 7.5%. Commercial loans tend to have interest rate floating 3% above BOE Base Lending Rate. The interest is added on to the debt each month and the next month's interest is added on to the new total. When the imminent raise in interest rate occurs 1921's debt to Philip Day's Purepay over the next year will go up by 200,000.

Philip Day (Purepay) wants at very least a start made to repay that debt. Only by a formidable act of magic will that occur.

So any money coming in from the Play-Offs would only reduce the usual yearly loss to below 500,000. 1921 will certainly make a loss this season / company year. Jenkins has long ago ceased routinely paying off this yearly loss. 1921 has now spent the 1.6 million transfer fee income that it received in the 2 years to 30th July 2022. Meanwhile the embarrassment that is Brunton Park deteriorates more with each passing Day and nothing can be done about it. There is no money.

Of course Brunton Park has negligible value because it is on a flood plain and actual substantial floods have occurred twice within living memory. Thus no planning permission will be given to build houses or business premises on it. Furthermore, there is a covenant on it specifying "football use only". So do not expect 1921 to sell Brunton Park and get a new state-of-the-art ground built from the proceeds of the sale. The sale of Brunton Park may raise enough money to buy an ice cream.

The club is dying. But let's ignore that and just look at the current League Two table like, eh.

[postmanpete]

Desperate for the sale of Henderson and Branthwaite but even then the money will be in instalments.

[_Stefan_Kuntz]

Philip Day's Purepay has a Charge on all the 1921 assets including money in bank accounts. Thus he has the right to immediately take any revenue such as incoming transfer fees to the value of the debt. If Philip Day's Purepay demanded the full repayment of the debt and it did not occur he (Purepay) could become the owner of all the assets and convert them into cash.

Philip Day is not known for his genial, charitable attitude. His Bangladeshi suppliers can testify to that.

[6EQUJ5]

The Bank Of England base rate of interest did go up today to 4.5%, making the interest rate on the 1921 debt to Purepay 7.5%. It went up by a quarter of a percent from 4.25% to 4.5%.