New beginnings - 25% Truth, 80% Bollocks

[Jimmy Quinn]

Just a big league one club😀

[Steak supper]

If that sort of cash is needed just to compete in the championship then thats quite depressing for league 1 & 2 minnows

[Robinz]

Must relate to some great tax audits.

These football clubs  and their associated companies that constantly run very large financial losses must generate large tax credits for someone somewhere.

That is a concern with STFC "wiping off " large amounts of debt last year claimed to be from 7.5 million to 1 million.

Does that mean STFC made made a 6.5 million net profit

Bet the IRD are saying thank you very much we want 33% of that !!!       

[STFC_Manc]

c£4.5m of the debt has been paid directly by Clem, so it's now owed interest free to him.

Some debts have reduced, I'm sure the club would have made a profit, with the embargo keeping costs low while having high attendances

[RobertT]

Must relate to some great tax audits.

These football clubs  and their associated companies that constantly run very large financial losses must generate large tax credits for someone somewhere.

That is a concern with STFC "wiping off " large amounts of debt last year claimed to be from 7.5 million to 1 million.

Does that mean STFC made made a 6.5 million net profit

Bet the IRD are saying thank you very much we want 33% of that !!!       

The vast majority has been paid down, not written off (of the business related debt).  The Debenture appears to have just moved as being owed to someone else as an interest free Directors Loan (hopefully).  The club has not banked any profits as a result and would have plenty of losses to offset them even if they did.

[horlock07]

How could Power have thought through this situation so cunningly well.... Black adder stuff.
Swindon has had a very lucky escape Rochdale by all accounts seems to have just as well. Makes you wonder what happened at Bury and is the kiss of death currently happening at Oldham Scunthorpe Torquay and Yeovil at the moment.

But unless again Power and his cronies bought the debenture at a big discount from Arbib et al its just another example of them doing loads of dodgy shite for very limited (in the big scheme of things) gain.

[Wobbly Bob]

Re the FA charges, I'm assuming, as he is out of reach due to no longer being involved in the game, that Lee Power will not be hit in the place that he loves the most i.e. his pocket?

The most that the FA could do would be to ban him from football?

Hopefully he'll get his proper comeuppance one day.

[No Longer Posh Red]

But unless again Power and his cronies bought the debenture at a big discount from Arbib et al its just another example of them doing loads of dodgy shite for very limited (in the big scheme of things) gain.

I thought that Power had bought the "interest free" debentures from Black & Arib, and then charged the club interest on them, before he sold them on to Curran (who presumably did the same).

From what I understand Clem has now bought them and they are now interest free again.

[TheDukeOfBanbury]

Notwithstanding the good news.

Our support since Clem took over has been nothing short of outstanding.
Everyone that continues to go through the turnstiles are the real lifeblood of our football club.

One small step at a time but our crowds should easily sustain a decent League One budget providing they continue to hold up.
Must be a fair few new Supporters joining the life of misery in those numbers. Surely can’t be just those that have come back since Power exited?

All in all encouraging.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

Bristol City have just reported a loss of £28.5m for 21-22 bringing total losses since Lansdown took over of nearly £200m… crazy

How on earth have they not been found in breach of FFP. The club with zero self awareness that went bust and started again while retraining their league position yet have the audacity to call us Swindle. 

Cunts.

[JoeMezz]

How on earth have they not been found in breach of FFP. The club with zero self awareness that went bust and started again while retraining their league position yet have the audacity to call us Swindle. 

Cunts.

Yep this. Scummy club

[Peter Venkman]

Yep this. Scummy club

With an over inflated ego too.

[Audrey]

There is a 3 year period in which to fall foul of FFP. The first of those 3 years they made a profit of £11m. That just about saved them as the following 2 years they posted big losses.

The problem they have now is that £11m profit has fallen out of the next 3 year period so to avoid FFP penalties they have to sell - and sell big in January. They are struggling a bit already in the Championship so to lose 2/3 of their best players in January could well propel them even further downwards.

Relegation, although seemingly doubtful, would be the death knell for them financially plus a points deduction.

[4D]

Last 13 games....

P13  W2  D4  L7  F11  A18

 

[horlock07]

I assume this is broadly what the powers that be have planned for the CG as well? https://www.placenorthwest.co.uk/stockport-county-fan-zone-approved/

Also looks like us that they plan to replace a shitty terrace with seats as well. https://www.placenorthwest.co.uk/edgeley-park-expansion-on-the-table/