Jump to content

mackem messageboard gold


Gene_Clark
 Share

Recommended Posts

From their financial guru Grumpy old man;

https://www.readytogo.net/smb/threads/so-compared-with-the-rest-of-the-division-hows-our-debt.1406654/

It's been suggested that, on the basis of two of last year's promoted teams having higher debt than us, we're somehow on a level with the rest of the Championship. Here's the bad news - we're much worse, particularly on external debt, than pretty much everyone. These are the numbers I've managed to get from each club's latest filed accounts (mostly 2016, though a couple have filed for 2017 already). Three numbers for each club -related party debt, external debt and total. All figures are £m.

Team Related Party External Total
Sunderland  £69.4 £67.9 £137.3
Cardiff  £101.0 £0.0 £101.0
Middlesbrough  £93.6 £5.0 £98.6
Ipswich  £88.2 £0.0 £88.2
Hull  £60.0 £21.3 £81.3
Notts  £57.4 £16.8 £74.2
Reading  £41.9 £29.2 £71.1
Bristol City  £17.6 £43.7 £70.1
QPR  £35.6 £11.3 £46.9
Aston Villa  £11.1 £35.5 £45.6
Brentford  £37.1 £0.0 £37.1
Fulham  £36.4 £0.0 £36.4
PNE £30.7 £0.0 £30.7
Bolton  £27.2 £0.0 £27.2
Millwall  £18.6 £0.0 £18.6
Sheff Wed  £17.8 £0.0 £17.8
Leeds  £15.0 £1.6 £16.6
Birmingham C  £0.0 £13.5 £13.5
Barnsley  £0.0 £7.4 £7.4
Sheff Utd  £4.2 £0.0 £4.2
Wolves  £0.0 £4.2 £4.2
Derby  £0.3 £3.0 £3.6
Norwich  £0.0 £2.7 £2.7
Burton  £0.0 £0.0 £0.0


Looking at filings, quite a few clubs are capitalising loans and issuing shares to comply with FFP.

It seems pretty clear to me that our debt levels, particularly the external number, are and will remain a constraint on investment for the foreseeable.

 

Oof :mellow:

 

Even if Short waived the debt owed to him, they'd remain in the top 8 indebted clubs in the championship. No saleable assets to speak of either.

 

Really surprised at Bristol's external debt too.

Link to comment
Share on other sites

To be honest, when we lost our city of culture bid I wasn't on Twitter, but if I was I would've been tempted to commiserate and say a big well done to everybody for trying so hard to polish an almighty turd as well as putting a pic of John McNamee swinging on the crossbar of the Fulwell end or simply put '27th March 1970' in VERY LARGE WRITING! (We know the dance, don't we @essembeeofsunderland ? 

 

:D

  • Like 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.