City financial report

The obvious statistic is we have a deficit of £299k and that’s why Young and Lewis are being sold.

although this looks to be an old document

 

Compared to the last full, pre pandemic season we lost £300k of which paying off Adams was a major factor .
Total debt it appears to be just £1.1 m ( See below)
Loan from Rupp of £1.2m approx has yet to be paid back.

Think that’s right.

 

Season on season deficit , not overall deficit. Big difference!

 

It won’t be a pretty read this years. Even with the sale of mummy’s boy Lewis and Young.

 

Turnover increased by 42% that is some going

 

What were the expenses in relation though? Turnover itself isn’t very informative to our overall position if we’re forking it all back out!

 

Yes it states the applicable seasonal accounts in the narrative.

 

I've not read the accounts myself, hut if turnover has indeed increased by 42% then that is absolutely worth acknowledging and applauding.

What would be interesting to know is what is the committed expenditure against optional. A large turnover can give you great flexibility.

 

Turnover is vanity=profit is sanity. Its the bottom line that counts. Turnover up and then spaffing money on shite players up. Sort of cancels itself out. That is some going as you say.

 

Two sides of the club one you can control the other you can’t. Raising the turnover that much is a good achievement

 

Raised turner gives a bigger baseline for FFP, not that we spend what we can.

 

Turnover and profit are 2 very different animals. The proof will indeed be in the pudding, as they say

 

That account was published in April last year covering the 21/22 season it’s an old news report. In April this year we should get the 22/23 season accounts

 

These are out of date accounts. The only thing of note is whether the £299k deficit carried forward has since shrunk or grown! And of particular interest is if Hughes leaving has had as much a financially negative impact as it is now clear Adams' departure did.

 

Yes, you can control both-what on earth are you talking about. Bring more in and SPEND less. Both in the control of the club? Yes?

 

Those two though are not usually harmonious in the world of football finance's

 

Yes 42% inc is applaudable but @Keefly Bantam found the phrase i was looking for in his subsequent reply!