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KingstonMariner |
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Meths Drinker
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I have a genuine question. How much money did John have to put into the club to keep us going when we went non league ? I’m guessing that that’s how much ‘reserve’ cash the new owners would have to be able to provide. I’m not saying how much did the club miss out on, just, how much to keep us afloat ? I’m sure one of you stattos’s could tell me.
A trawl through the company accounts from that period might show the total amounts loaned by directors in succeeding years. It won't show which director, but you we probably have a shrewd idea most of it will be him. When I've got a chance I'll dig it out.
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Malta_Mariner_90 |
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Snakebite drinker
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I have a genuine question. How much money did John have to put into the club to keep us going when we went non league ? I’m guessing that that’s how much ‘reserve’ cash the new owners would have to be able to provide. I’m not saying how much did the club miss out on, just, how much to keep us afloat ? I’m sure one of you stattos’s could tell me.
Happy to help. Just looking at the Director loans (which may not be the most sensible way of answering your question). As per the filed accounts Directors loans were £2,391,800 in May 2010 when we were relegated. In May 2016 after we were promoted the Directors loans were £2,209,700. So based on that the Loans to the club did not actually increase in the non-league years. A further breakdown is as follows: 2010: 2,391,800 2011: 2,034,700 (357,100) 2012: 1,984,700 (50,000) 2013: 1,984,700 2014: 2,059,700 75,000 2015: 2,244,550 184,850 2016: 2,209,700 (34,850) So in total the Directors loan actually decreased by a net 182,100 in the 6 years we were in the non-league. So despite the financial cliff edge, as I seem to remember dropping into the non-league being referred to, the Directors loans far from increasing in the Football wilderness actually saw a reasonable decrease. Which suggests that perhaps dropping into non league football is not quite so disastrous as we are led to believe from a financial point of view? Apologies if any of the maths is wrong in the above. Edit sorry Kingston for beating you to it!
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Northbank Mariner |
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Whiskey Drinker
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And Mr Thomas Henry Shutes has a net worth of.......holds the moment for tension..... -£2.3m....think he needs a good backer to get this deal over the line..
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golfer |
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This thread has stopped working on my android device and is stuck on 18 pages.. can't read any later pages.
I'ii tell you what has happened in one sentence- The same bigots callin Fck out of J.S.F. repeating the same things over and over again.
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ska face |
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And Mr Thomas Henry Shutes has a net worth of.......holds the moment for tension..... -£2.3m....think he needs a good backer to get this deal over the line..
Don’t give up the day job, not sure you’ve a future in accountancy.
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MuddyWaters |
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I'ii tell you what has happened in one sentence- The same bigots callin Fck out of J.S.F. repeating the same things over and over again.
A bigot is defined as someone who is intolerant to other people’s opinions. Just saying.
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lew chaterleys lover |
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I'ii tell you what has happened in one sentence- The same bigots callin Fck out of J.S.F. repeating the same things over and over again.
Please don't go down that route of confusing criticism with bigotry. As fans we have every right to question, dissect and yes give out stick if our club is being badly run, and not making much if any progress.
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toontown |
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Surely if fenty does go then the club will be 200k better off each season as he won't need his loans paying back bit by bit (they will presumably be cleared in the deal). How much does fenty stand behind the club as guarantor each year, is it more or less than 200k? Have 300k in the back of my head but could be wrong.
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KingstonMariner |
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Meths Drinker
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Happy to help.
Just looking at the Director loans (which may not be the most sensible way of answering your question).
As per the filed accounts Directors loans were £2,391,800 in May 2010 when we were relegated.
In May 2016 after we were promoted the Directors loans were £2,209,700.
So based on that the Loans to the club did not actually increase in the non-league years.
A further breakdown is as follows:
2010: 2,391,800 2011: 2,034,700 (357,100) 2012: 1,984,700 (50,000) 2013: 1,984,700 2014: 2,059,700 75,000 2015: 2,244,550 184,850 2016: 2,209,700 (34,850)
So in total the Directors loan actually decreased by a net 182,100 in the 6 years we were in the non-league.
So despite the financial cliff edge, as I seem to remember dropping into the non-league being referred to, the Directors loans far from increasing in the Football wilderness actually saw a reasonable decrease. Which suggests that perhaps dropping into non league football is not quite so disastrous as we are led to believe from a financial point of view?
Apologies if any of the maths is wrong in the above.
Edit sorry Kingston for beating you to it!
Saved me a job MM! 😊 Those numbers are a real surprise. Wonder if that period of the biggest fall coincided with when Parker bought half a million extra shares? Cash going to repay He Who Must not be Criticised?
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Gaffer58 |
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I would assume to pass the EFL fit and proper persons test then you have to show that your not a gangster and have not got your wealth from dubious means, also on the financial side I guess there is a formula where you have to show the means to pay the bills for a certain amount of time if other funds stop, at a guess the time period could be anywhere from 1 month to a year of available cash. Out of interest do the EFL actually publish what the criteria is or is it all very hush hush and can be different depending on who the prospective buyer is.
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