Trust open meeting - 14th March, 7:30, Ricoh (3 Viewers)

[Irish Sky Blue]

Apparently the club needed to be provided bridging finance at the turn of the year. Given as said above Boddy provided an attendance budget of 9000 that says to me that the finances are very tight and there was a shortfall. Add to that the fact Otium required additional funding in 2017 of 500k and 530k in 2016 then the club is not living within its own means. Further given the increased levels of liabilities and the uncertainty of income how TF classes the finances as stable is beyond me

As they are still putting money into the club (losing money), it makes their decision not to negotiate on the sale of the club even odder. It also does seem to indicate that the legal action is their only strategy for holding on to the club.

 

---

[Nick]

Bet that football finance 'expert' won't be tweeting anything about extra money having to be put in.

Not really an expert, I had to explain something to him the other day.

 

[ccfcway]

are they putting in more than the interest going out ?

 

[Nick]

are they putting in more than the interest going out ?

Seems like it.

 

[ccfcway]

Seems like it.

they putting in more than £2m a year ?, crazy isn't it