What the hell have we been spending money on

[andyw362]

Just looking at the interim accounts, felt this deserved its own thread.

Current Liabilities is 122million???? What the hell have we been buying?

We have a 34million loan to pay back this year (possibly for the training ground but seems odd we would pay it back straight away)

Then 86million in trade payables? Have we been buying players on a buy now pay later deal? That seems awfully high?

Thats effectively 122million of debt that needs paying in 12 months.

If Ive got the accounting wrong please enlighten me. But I think that is what it means.

 

[C0YS]

maybe but most of our debt comes stadium stuff, buying out land etc.

 

[mpickard2087]

Just looking at the interim accounts, felt this deserved its own thread.

Current Liabilities is 122million???? What the hell have we been buying?

We have a 34million loan to pay back this year (possibly for the training ground but seems odd we would pay it back straight away)

Then 86million in trade payables? Have we been buying players on a buy now pay later deal? That seems awfully high?

Thats effectively 122million of debt that needs paying in 12 months.

If Ive got the accounting wrong please enlighten me. But I think that is what it means.

What a surprise.

In answer to your question: Stadium related costs, Training Ground costs and players would be my guess.

 

[andyw362]

Property acquisitions according to Levy. Says on a paragraph in the booklet.