i'll go through them after the england match mate.
my degree in accounting might actually come in useful for once!
i'll go through them after the england match mate.
my degree in accounting might actually come in useful for once!
No, we lost 5.7m (check out the group accounts). It would have been a lot more if we had not recouped 4.7m from player sales.
Other interesting points:
1. Ranson received a salary of 303K
2. The directors anticipate net player sales over the next 12 months
3. The directors anticipate raising finance through new debt or equity in the next 12 months
Been looking at the Sky Blue Leisure Accounts.
Note 16 Borrowings ........ lists the amounts provided by the funds managed by SISU £24,099,055 as repayable within 1 to 2 years of the balance sheet date (the amount due to SISU loans is confirmed in note 15)
Not sure what to make of that because that implies that by 31/05/12 those loans will be repaid. Of course SISU could defer repayment further and may well do. But if here for long term why are these loans not of longer repayment periods? Is it simply the terms of investment that will need to be renegotiated? Or does it point to their intentions for the club/group?
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