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Trust open meeting - 14th March, 7:30, Ricoh (1 Viewer)

  • Thread starter CJ_covblaze
  • Start date Mar 11, 2018
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Irish Sky Blue

Well-Known Member
  • Mar 16, 2018
  • #71
oldskyblue58 said:
Apparently the club needed to be provided bridging finance at the turn of the year. Given as said above Boddy provided an attendance budget of 9000 that says to me that the finances are very tight and there was a shortfall. Add to that the fact Otium required additional funding in 2017 of 500k and 530k in 2016 then the club is not living within its own means. Further given the increased levels of liabilities and the uncertainty of income how TF classes the finances as stable is beyond me
Click to expand...
As they are still putting money into the club (losing money), it makes their decision not to negotiate on the sale of the club even odder. It also does seem to indicate that the legal action is their only strategy for holding on to the club.
 

Nick

Administrator
  • Mar 16, 2018
  • #72
chiefdave said:
Bet that football finance 'expert' won't be tweeting anything about extra money having to be put in.
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Not really an expert, I had to explain something to him the other day.
 

ccfcway

Well-Known Member
  • Mar 16, 2018
  • #73
are they putting in more than the interest going out ?
 

Nick

Administrator
  • Mar 17, 2018
  • #74
ccfcway said:
are they putting in more than the interest going out ?
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Seems like it.
 

ccfcway

Well-Known Member
  • Mar 17, 2018
  • #75
Nick said:
Seems like it.
Click to expand...

they putting in more than £2m a year ?, crazy isn't it
 
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