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Author Topic: New beginnings - 25% Truth, 80% Bollocks  (Read 1123038 times)
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« Reply #1800 on: Thursday, May 26, 2022, 20:42:30 »

Gloria

(it's a long story)
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« Reply #1801 on: Thursday, May 26, 2022, 20:43:36 »

so anyway, what's the total liability.

to the untrained eye it looked to be 7 million but I've not read it yet.
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Bob's Orange
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« Reply #1802 on: Thursday, May 26, 2022, 20:53:14 »

so anyway, what's the total liability.

to the untrained eye it looked to be 7 million but I've not read it yet.

Does this mean that the debt that we have been whittling down to 1.7 million is now effectively 8.7 million now then?
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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« Reply #1803 on: Thursday, May 26, 2022, 21:19:55 »

Does this mean that the debt that we have been whittling down to 1.7 million is now effectively 8.7 million now then?

No!
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« Reply #1804 on: Thursday, May 26, 2022, 21:29:17 »

No - this is the position at 31 May 2021 - so at the end of the relegation season - and shortly before the court case and Clem taking over.
It summarises what they have found and pieced together from what LP left behind.
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Bob's Orange
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« Reply #1805 on: Friday, May 27, 2022, 05:08:58 »

No - this is the position at 31 May 2021 - so at the end of the relegation season - and shortly before the court case and Clem taking over.
It summarises what they have found and pieced together from what LP left behind.

OK thanks.
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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« Reply #1806 on: Friday, May 27, 2022, 05:15:18 »

Give it a couple if days and Kieran Maguire from The Price of Football will digest the figures and give his opinion.
« Last Edit: Friday, May 27, 2022, 05:36:48 by The Artist Formerly Known as Audrey » Logged
Lash_sumthin

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« Reply #1807 on: Friday, May 27, 2022, 12:37:10 »



Excuse the weird signage
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« Reply #1808 on: Friday, May 27, 2022, 12:49:26 »

Do you want to give comment on that Lash_sumthin (or Samdy)


( edit: OK, the bellow is non-current which are still debts but long term)

TO me it looks like at the end of 2021 debt repayable within a year was 3.7M, but that a  *further* 3.9M was owed after
    2M debenture
    1.9M "other borrowings"

So how much debt do we have. I assume I have read it wrong and/or the "other borrowings**" and "debenture*" is not repayable just yet.

*Thought the debenture was payable on sale of the club, and that Power bought it from Black. So ??!
** Huh? Directors loans ??





« Last Edit: Friday, May 27, 2022, 12:56:02 by Batch » Logged
Lash_sumthin

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« Reply #1809 on: Friday, May 27, 2022, 13:16:58 »

Nothing that wasn't touched upon above & documented in note 9 for the 2020 restatement

Stuff incorrectly recorded [I think it plays as below]

LP 2020 P&L                                       (12,856,053)
Loan recorded as income                          (119,800)
Recruitment costs that were not...              217,145
Misidentified deductible costs                     364,706
CM 2020 P&L                                     (12,394,002)

and then 2021 is pre Clem anyway with the big change on creditors due within the year being taxation [HMRC I assume]

« Last Edit: Friday, May 27, 2022, 13:22:02 by Lash_sumthin » Logged
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« Reply #1810 on: Friday, May 27, 2022, 13:44:24 »

I guess what I am really asking is when the debts recorded by the advisory board are paid off, are we really debt free.

It is there still circa 4M left
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Samdy Gray
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« Reply #1811 on: Friday, May 27, 2022, 14:03:46 »

To some extent there will always be some debt, no doubt the money that Clem has invested will be structured as a loan.
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The Artist Formerly Known as Audrey

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« Reply #1812 on: Saturday, May 28, 2022, 16:18:41 »

Might as well put this here

‘Pakistan Football Ultras

A training camp was held by @Official_STFC coaches in Karachi to select at least 2 talented players and train them at @AcademySTFC 👏

Hopefully, they will improve with modern training & learn it the Swindon way 😉

@mak_asif

More: youtube.com/watch?v=U7anUI…

#PakistanFootball

« Last Edit: Saturday, May 28, 2022, 16:28:04 by The Artist Formerly Known as Audrey » Logged
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« Reply #1813 on: Saturday, May 28, 2022, 17:32:40 »

this sounds in no way dodgy
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Boeta

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« Reply #1814 on: Saturday, May 28, 2022, 18:06:26 »

The Austin/Hart involvement/ownership of the club suggests this is not all going to end well, despite an enjoyable season in the main.
« Last Edit: Saturday, May 28, 2022, 18:09:40 by Boeta » Logged
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