SAFC annual accounts OUT NOW


Bit of a mixed bag id say, but overall promising considering we could shift a Jobe/Rigg/Neil/Watson and pretty much cover our losses (assuming we dont then spend it).

A loss of £8.1m isnt that bad at all really. Bit worrying for other clubs who dont have 35000 ST holders bringing in revenue.

£8.2m overdraft as well. Bit too coincidental to me that the loss and overdraft figures are so close. Could suggest that our losses accumulate in the overdraft, and are being cleared at the end of each period.

A "working capital facility' is basically a loan. The club say from an "entity associated with the Louis-Dreyfus family". I take that with a pinch of salt given the 'misdirection' weve been sold by the club in the past. But again, suggests that young Kyril is basically covering the losses, by lending the club money.

How that works out down the line is anyones guess. He could be hoping to recuperate that plus pull a profit when he sells the club. Or if we go up, could just pay it off from the extra revenue. Or the club could be paying it off now, like a normal loan. Or maybe, worryingly, given the rumours last week or so, the club is taking loans out to pay off young Kyril.

But aye id say overall its promising. Just highlights how foolish it would be to spunk a ton of money gambling for promotion.
Whilst losses will correlate to cash flow, and the overdraft, they’re not the same thing really. Losses include non cash items
 
I’d highly doubt he’s taking loans agains the club to pay back his own loan, I think those will just be rumoured

He’ll likely just take some profits out over time / if or when he sells the club

Yeah i doubt hes doing that like. Will either take some back if we go up, or cash in when he sells.
 
Has any other championship clubs released their accounts I know WBA made a 31 million loss
Middlesbrough


Business review
The results for the financial year show an EBITDA (earnings before interest, tax, depreciation and amortisation, calculated as the operating loss with depreciation and amortisation added back) of £92,000(2023: £7,483,000), a loss before taxation of £12,427,000 (2023: £6,399,000) and turnover of £32,247,000(2023: £28,594,000). Net assets have increased by £146,439,000 on prior year to £10,055,000 (2023:£136,384,000 net liabilities). During the financial year, £148,686,000 owed to group undertakings was converted into equity through the issue of shares and capital contributions.
 
Middlesbrough


Business review
The results for the financial year show an EBITDA (earnings before interest, tax, depreciation and amortisation, calculated as the operating loss with depreciation and amortisation added back) of £92,000(2023: £7,483,000), a loss before taxation of £12,427,000 (2023: £6,399,000) and turnover of £32,247,000(2023: £28,594,000). Net assets have increased by £146,439,000 on prior year to £10,055,000 (2023:£136,384,000 net liabilities). During the financial year, £148,686,000 owed to group undertakings was converted into equity through the issue of shares and capital contributions.
Assets increased by £146m?! Surely Gibson hasn't written off that much in a single year.
 

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