Iron Bru › Forums › Blast Furnace › Notts County – £14m in debt
- This topic has 17 replies, 11 voices, and was last updated 1 year, 11 months ago by CMC.
-
AuthorPosts
-
December 31, 2022 at 4:31 am #251570AnonymousInactiveOffline
Registered On:
Topics: 80Notts County lost £1.7 million in the National League in 2021/22. Club has total creditors of almost £14 million, is technically insolvent and reliant upon owners to continue trading. No detailed accounts published which is a shame as club takes advantage of small company rules pic.twitter.com/ZMEgerP87V
— Kieran Maguire (@KieranMaguire) December 21, 2022
December 31, 2022 at 8:57 am #251577Their owners can underwrite it, fortunately.
December 31, 2022 at 10:16 am #251581Rochdale seeking investment too as they are on course to lose over £1million.
God knows what’s going to happen at Crawley, their owners appear to be complete looney tunes.
Really is a complete shambles on the lack of regulation; these are 100 year old institutions that are being left in the hands of narcissistic tyrants to do as they like with.
4 users thanked author for this post.
December 31, 2022 at 1:15 pm #251587Don’t worry about any other club other than SCUNTHORPE UNITED.
If they enter Administration extinction really is around the corner.
2 users thanked author for this post.
December 31, 2022 at 2:36 pm #251592Don’t worry about any other club other than SCUNTHORPE UNITED.
If they enter Administration extinction really is around the corner.
Should we all join extinction rebellion then
December 31, 2022 at 3:34 pm #251596Don’t worry about any other club other than SCUNTHORPE UNITED.
If they enter Administration extinction really is around the corner.
This is the problem. No one gives a shit until it happens to them.
1 user thanked author for this post.
December 31, 2022 at 4:18 pm #251602AnonymousInactiveOffline
Registered On:
Topics: 80“As I said, one of the first things I wanted to do was to meet the fans. They are the ones who are most invested in their clubs and who go and support them day in, day out, whatever the results, the weather or their fortunes. Without them, football in this country would simply not be the fantastic game that it is.“
James Daly.Football Clubs in England: Financial Sustainability.
(It’s a long read).
An industry 134 years in existence with no regulator – unbelievable!
1 user thanked author for this post.
December 31, 2022 at 10:16 pm #251610Here’s a thought, Nottingham Forest have spent heavily without much success, they could eventually be joining their near neighbours.
January 1, 2023 at 9:20 am #251615Most Efl clubs in the same position I’m afraid, everything ok till the owner pulls the plug on investment, if you don’t want to lose money don’t invest in a football club quite simple really.
1 user thanked author for this post.
January 1, 2023 at 9:29 am #251617the comments of County fans in threads I’ve seen are pretty arrogant,they seem to believe they’re up there with the big boys and this is sustainable.
January 1, 2023 at 11:14 am #251623Southend 2million shortfall expected this season, averaging 5700, backroom staff not been paid since October and then when they did Southend trust loaned them 40.000 pounds to do so, winding up petition by the HMRC on the 18th, from the sounds of it we’re not far behind them the only difference is their fans haven’t deserted them in numbers like ours actually, similar to most clubs most fans get behind their teams when the chips are down.
January 1, 2023 at 12:06 pm #251628the comments of County fans in threads I’ve seen are pretty arrogant,they seem to believe they’re up there with the big boys and this is sustainable.
Didn’t we once think that way?
January 1, 2023 at 12:22 pm #251635certainly not me, I’ve get the legal papers to prove it
January 1, 2023 at 12:36 pm #251639the comments of County fans in threads I’ve seen are pretty arrogant,they seem to believe they’re up there with the big boys and this is sustainable.
I can remember comments on here, in the past, that we “speculate to accumulate”. Encouraging owners to spend for success.
Dangerous nonsense.
January 1, 2023 at 1:05 pm #251642Southend 2million shortfall expected this season, averaging 5700, backroom staff not been paid since October and then when they did Southend trust loaned them 40.000 pounds to do so, winding up petition by the HMRC on the 18th, from the sounds of it we’re not far behind them the only difference is their fans haven’t deserted them in numbers like ours actually, similar to most clubs most fans get behind their teams when the chips are down.
Hi as a Southend fan I thought I’d provide a bit of an update, our staff are being paid they are however being paid late which is obviously not right.
Quite simply our chairman has major cash flow problems which should change by the end of the season. Our new training pitches are complete and we are literally waiting for the grass to grow before we can use them.
This will mean building work on the new ground can begin which will allow more funding to be available, the properties to be built as part of the new stadium, around the new stadium and at roots hall will generate close to half a billion.
Realistically we fully expect our chairman to sell up once we are in the new stadium, there is so much I’ll feeling towards him now that he will never be accepted by the majority of the fan base.
I hope your takeover goes through and you have a bright future even if you have a hell of a battle to stay up this season
5 users thanked author for this post.
January 1, 2023 at 1:32 pm #251645‘their fans haven’t deserted them in numbers like ours actually, similar to most clubs most fans get behind their teams when the chips are down.’
So, like Swann, you’re blaming the fans. Nice.
1 user thanked author for this post.
January 1, 2023 at 6:00 pm #251679Southend 2million shortfall expected this season, averaging 5700, backroom staff not been paid since October and then when they did Southend trust loaned them 40.000 pounds to do so, winding up petition by the HMRC on the 18th, from the sounds of it we’re not far behind them the only difference is their fans haven’t deserted them in numbers like ours actually, similar to most clubs most fans get behind their teams when the chips are down.
Hardly; 3,100 average when our historic average is 3,500. I’m actually surprised crowds have held up so well.
Bear in mind that Lincoln (2,181) Grimsby (3,072) had crowds fall significantly when they entered non league and neither had to endure what we have, furthermore both have a larger fan base.
January 1, 2023 at 6:07 pm #251681We had home gates of 1500-2000 not long ago(Mid 90s) so 3000 with a poor team is insane. it makes you wonder why we can’t pay the bills.
But then again if SUFC goes under and SUFC 2 starts up every penny will be accounted for, there won’t be any money to go round to give Club stooges perks.
-
AuthorPosts
- You must be logged in to reply to this topic.