Slightly smaller operatoing loss (better management of costs)
Slight increase in overall loss as we seemed to spend more on, than we got for, our players.
Malpas pay off equated to £45k
Commercial Corporate and advertising income all down on previous year which is a little worrying although there seems to be a shift this year with more people in corporate (my view, not in the accounts)
2009-2008 lost a tad over £3million
ongoing losses now around £12m
St Modiwn Dispute...
Included within Creditors: amounts due within one year, there is an amount of £1,475,000 (2008:
£1,475,000) owed to Shaw Park Developments Limited, a company that at the time the advance is
said to have been made was 50% owned by the former parent company, Swindon Town FC Limited.
Under the terms of the loan agreement, this liability was originally due to be repaid on 30th August
2008 however, by mutual agreement this repayment date was deferred until 30th August 2009. At
the date of this report, and following a review of all documentation relating to the loan, the Company
is in dispute with Shaw Park Developments Limited and has taken advice from its legal advisors in
respect of this matter.
http://www.swindontownfc.co.uk/staticFiles/83/42/0,,10341~148099,00.pdf