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Notts County

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jamesgtfc
December 22, 2021, 12:33am
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Over £1m in the bank but lost £2.2m during 2020/21 taking their total losses over £20m. Scary.

[url]https://twitter.com/KieranMaguire/status/1473431165499498500?t=8YyiAFrtSj9EOkf7PX-G0Q&s=19[/url]
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HertsGTFC
December 22, 2021, 8:41am

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Quoted from jamesgtfc
Over £1m in the bank but lost £2.2m during 2020/21 taking their total losses over £20m. Scary.

[url]https://twitter.com/KieranMaguire/status/1473431165499498500?t=8YyiAFrtSj9EOkf7PX-G0Q&s=19[/url]


How they could ever hope to trade through those losses I’ll never know.

The cash figure is interesting if they lost large proportions of income through say the season being suspended or playing behind closed doors I wonder how quickly they’d burn through it.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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golfer
December 22, 2021, 8:54am
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Are they owned by Katie Price ?
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Swansea_Mariner
December 22, 2021, 8:57am
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Bonkers, they will never get out in front of that, looks like perennial struggles for them for the foreseeable
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aldi_01
December 22, 2021, 8:58am

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Quoted from HertsGTFC


How they could ever hope to trade through those losses I’ll never know.

The cash figure is interesting if they lost large proportions of income through say the season being suspended or playing behind closed doors I wonder how quickly they’d burn through it.


I’d imagine they’d burn through it pretty quick. It isn’t a huge amount given you’d have to pay everyone and still have outgoings and commitments…


'the poor and the needy are selfish and greedy'...well done Mozza
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Marinerdan
December 22, 2021, 9:39am

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Their short term debt also went up by 2.8m in the year to 11.3m. I’m assuming a significant portion of that will be ‘benign’ directors loans but its still a scary position to be in.

Excluding cash their total assets total less than 1m, do they still own their stadium?


UTM
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Mrbump53
December 22, 2021, 9:47am
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Also would be concerned about their Equity as this has also deteriorated over the period. There would appear to be in a similar position to Southend so will they have an "embargo" imposed on them?
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HerveJosse
December 22, 2021, 12:40pm
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They are a subsidiary of an Isle of Man registered company so it’s that company’s financial position which is more important.
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Marinerdan
December 22, 2021, 12:50pm

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Quoted from HerveJosse
They are a subsidiary of an Isle of Man registered company so it’s that company’s financial position which is more important.


Just had a quick look at this and up to 2019 Notts County’s parent company was called ‘Wrexham Limited’!


UTM
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HertsGTFC
December 22, 2021, 1:13pm

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Quoted from aldi_01


I’d imagine they’d burn through it pretty quick. It isn’t a huge amount given you’d have to pay everyone and still have outgoings and commitments…


That’s what I thought and suspect their player salaries would be a real liability


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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