22/23 season accounts

[Geoff Parkstone]

I've no idea. These accounts are a year old and still blighted by drag over from administration....maybe?

[swaledale]

Thanks, but not much the wiser. Question remains…can we afford to go up and compete - I’m not expecting us to be instant promotion contenders - or might we face inevitable struggle just to ‘survive’?

The answer to that question is it very much depends upon what the current situation is and how much Clowes is prepared to back the club within FFP rules.

[ramAnag]

The answer to that question is it very much depends upon what the current situation is and how much Clowes is prepared to back the club within FFP rules.

Given the acquisitions of CBT, Adams and Gayle in the ‘extended’ window I have no doubts about Clowes’ willingness to ‘back the club’.
It would seem pointless to make such an outlay to try and achieve promotion if he’s then not going to ‘back’ our ability to stay up should we get there.
Having said that…I’d guess we’ll need at least half a dozen signings, all an improvement on the majority of last summer’s signings, if we’re to compete realistically. Won’t be easy but I guess we can only cross that bridge if and when we get there. We’ll see.

[Geoff Parkstone]

Either that or bring Rosenior back and all will be well

[SithHappens]

I can't find any reference to that Sith, as far as i know Mel reached a private agreement with both Boro (Gibson) and Wycombe well before Clowes took over the club, because the administrators claimed that the threat of legal action and the possibility of unquantified damages was putting off potential buyers.

One can see that might be the case, but its not clear there were any potential buyers apart from the fantasist that was Kirchner!

I haven't read them myself just going on what I saw elsewhere online. I recall Mel making the offer when the EFL went public telling any potential new owners they had to take on the claims against the club.

[ramAnag]

Either that or bring Rosenior back and all will be well

Don’t spoil it, GP. It’s been a request for your ‘bean counter’ mind not your wooden spoon.

[MadAmster]

DC has said all along that the club will be run in a sustainable, self sufficient manner. I believe him. He's not going to pour millions in. I think he will allow spending up to the level of income at the most. Don't forget, DCFC owes him £36M or thereabouts. He will want that paying back, sooner or later.

He is said to be worth around £250M. People need to remember that much of that is tied up in land, buildings, plant and machinery and NOT liquid assets.

[ramAnag]

Good and fair point, MA.
Personally I do ‘remember that…’ I’m just trying to pick the bones out of Stephen Pearce’s recent statement in comparison with the suggestions of the more financially astute on here and work out what the near future might hold.

[Geoff Parkstone]

DC has said all along that the club will be run in a sustainable, self sufficient manner. I believe him. He's not going to pour millions in. I think he will allow spending up to the level of income at the most. Don't forget, DCFC owes him £36M or thereabouts. He will want that paying back, sooner or later.

He is said to be worth around £250M. People need to remember that much of that is tied up in land, buildings, plant and machinery and NOT liquid assets.

He may be owed 36m but also picked up the ground "cheap" which offsets some of that cost..,.

[MadAmster]

He may be owed 36m but also picked up the ground "cheap" which offsets some of that cost..,.

How? He lent DCFC or whatever company name, £36M on an interest free deal. Cheap? He paid roughly what the ground is worth, didn't he? We all know the £80M MM paid was proper Jackanory stuff. If the ground had cost more he would have lent DCFC more. I don't see how there is any offsetting to be had...