Accounts publication

It's just common practice to file your accounts as late as possible. It's the Company's Auditors who do the work, although now-a-days digital records present less work in most cases for them. You're right they don't take that long to prepare, the problem is getting the Company Secretary/Chairman to sign them off and give written explanantions for certain items.There is always a bone of contention somewhere in the detail! Especially with Football Clubs I imagine, there must be many ways that certain items can be managed on their balanced sheets.

 

Aren't the assets used all the assets the club has? (thinking players contracts/registrations would be included in "interests" and the fact they're covering all future acquisitions as well)

If there's nothing else to secure it against then they might as well secure the whole amount against the list given. If it went pop now they'd lose money, but if after £30M had been repaid it went pop they'd get their remaining cash from the sale of assets, where if they'd done it in 2 bits whatever was in the unsecured loan would be inline with the other creditors.

It's a sorry state of affairs when the game has reached the point where we're all coming back from classes or work, then going on a football forum and discussing more accounting/business matters.

 

I don't think you can get a charge (ie a mortgage) over a player's contract. The future acquisitions would be any property that the club purchased in the future.

I think they have mortgaged what property the club owns to cover as much of their loan as possible and, as OLM said, the rest is most likely to have been put into the club as a director's loan which can be repaid whenever the club has the money to do so. Until they are repaid they are unlikely to allow the club to go bust as they would then lose that money