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]

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.

Are they owned by Katie Price ?

Bonkers, they will never get out in front of that, looks like perennial struggles for them for the foreseeable

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…

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?

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?

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

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’!

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

Perennial offenders. They were in difficulties years ago, rescued by the supporters trust, who then sold them when they were in L2 c 2006 to a consortium who promised Premier League football. That worked out well!

*uck em!

I was taught by my parents never to buy anything until I had the money to pay for it - obviously wives  and football clubs haven't been told this

Quoted from golfer

Are they owned by Katie Price ?

If so. It’s safe to assume they’ll be going down daily often !!