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Yeovil’s accounts made grim reading. Lost 2.8 million, kept afloat by owner selling off some of the assets in his portfolio. Owner and his children receiving abuse so is now selling up.
FC100k was a disaster and something we shouldn’t be touching with a barge pole…but something definitely needs changing across football to make clubs more sustainable. Clubs losing multiple millions whilst playing in NLN/S is bonkers!
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The championship with Wharton!
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There should be plenty of cash entries into the bank account from all those cheap season tickets?
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How many twenty pound notes can you fit into a bin liner?
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Unlikely to be any for this accounting period.
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The championship with Wharton!
Don’t recall the club almost folding when Wharton took us to the Championship, remember Sharp and Hooper being sold around that period to enable us to operate in a more sustainable way because of the difficulties running a small club at a higher level, which was sensible. Football clubs aren’t like families when kids leave home and they realise bank of dad is what kept them going without all those years.
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My sentiments regarding Wharton too I-A. I’d also add that though Swann picked up some debt from Wharton, he did so because Wharton left it a decent proposition which was frequently cited nationally as a well run club. Very different from an incompetent selling to a vulture and the latter having to be paid to leave.
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I hope the Unity Group’s contributions will be detailed.
Wrong thread guys sorry but I see Unity Jerry n Co are funding an Easter Kids party .. surely loosing 60k a month and needing 5k a week according to Michelle this money would be better used going to the club not chocolate eggs and fluffy bunnies.
Unless of course Jerry is paying from his personal funds tho it does state the unity group are holding it.
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I can’t see how the accounts for the period that Hilton was in charge can be accurate, the vast majority of the money that came into the club never made it into the accounts, it never made it into the clubs bank account!
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Looking forward to seeing Awayswego perform some of his more nimble mental gymnastics to spin these accounts into a positive for Dave.
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Wharton and Swann pretty much the same debt in monetary terms allowing for inflation Wharton.
Hilton no where near he only owned the club.Take it you checked on Whartons losses.
Last time I checked Wharton hadn’t separated the club from it’s largest asset.
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