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People who talk through their nose

It's an extension the license that was in place which lasted until the end of the 2022/23 season. The extended license will have commenced after that for a term of five years so will end at the end of the 2027/28 season.

Yes, though it doesn't say whether that interest rate is an annual one in the Birmingham accounts. It's over a period of 7 years so could be 11.9% per year, probably more likely to be actually.

11% interest

It's almost pointless now talking about football clubs in viability terms. They are not normal businesses. Their objective to be successful on the pitch just does not align with being financially viable unfortunately.

Wage bill of £24m (including NI and pension contributions) is for absolutely everybody employed by the club, 153 players and coaches and 61 admin and commercial. The players and coaches employee numbers have fallen since 2023 whereas the admin and commercial have increased by 80% (probably due...

Given the way it is presented in the accounts it seems a bit like £24m from Doug is basically him fronting all transfer fees out over that period.

I don't think we've won there since 2003 (I remember going and think Warnock and Suffo scored for us in a 3-1 win)

I'm wondering if transfer fees paid are incorporated into the administrative expenses which are £12m net of wages, that appears to be quite high. Admin expenses have grown £13m in a year where wages gave grown £5m, so the operating loss for the year is distorted.

To be fair he might soon be trying to invest in a football club😂

To be fair to King he's put his money where his mouth is imo

Wages to turnover is just over 80% now, wage bill has grown broadly in line with turnover

It'd be interesting to see the how the profit on player sales is calculated. Nowhere in the accounts are the transfer fees paid obvious, are they?

The amounts owing to the owner have increased by £24m

That might be true, it's a bit of a chicken and egg situation really isn't it? Do the lobby elicit the stories or do the backbenchers elicit the lobby?

Great evening and at the start of a glorious few weeks of weather leading all the way to the Euros that summer

Hopefully some unexpected results flip it on its head this weekend. Maybe one of the bottom 3 will crepe up the table.

What a spectacle the greatest league in the world is really, the title winner and relegation spots sewn up before shrove Tuesday

The three promoted teams pretty much nailed on for relegation now. It feels difficult to see any of them getting another win at this rate.