So how much was the debt AA took on in respect of the SMC as the result of Pearson arf and Bartlett getting a mortgage on it, are the amounts comparable?
The council aren't going to take over a private company that's £17m in debt, it's not their problem. The SMC's accounts will be out in just over a week and the debt is likely to have topped £20m.
... so what do you think the debtors, particularly the group related element of £18 m is OLM? Any idea? Like others, I assumed it would be SMC related. If it is then it's £18m that won't get paid to the club. If it isn't, then what the heck is it?!
so we are owed 18 million for players or have received that. Why have we only got 3.5 of it. Where’s the rest gone?
Note 11 states the £18 mill is owed by related companies so I can't see how it has anything to do with player sales. I can only think it's SMC related, which means it's £18 mill showing on the BS (!!) that the club won't get?
Any idea what the additional investment in the stadium has been spent on? Has there been major infrastructure changes over that period?
The pitch gets relaid fairly often. Fan dividers get relocated far too often If the SMC is losing money their only answer is to raise the rent charged to those using the facilities.
so in a nut shell - when they took over we were £40 million in debt - we are still £40 million in debt and the Allams have awarded themselves something like £40 million in interest payments - unless someone tells me different
I don’t think it’s any near £40 mill in interest, 2mill a year over 10 years = £20mill still significant, but half what you claim
Surely the fact we are gonna be bottom gives us more chance of them going. They’ve got KPL and Greaves left that’s it. Maybe 5 million quid for them both.
That was only for 2 years ish, until they sold the players for a profit. It’s no where near £40mill in interest mate
At the end of the day, without going into figures in detail, if they sell the club for £15m - £20m then they will not be out of pocket from their time at the club.
It is about £40m in total, they've had about £25m in direct interest so far, with almost half that again in group tax benefit.
We expect them to invest in the team and pay themselves whatever they like, just as the Allams did in the beginning. It's just taking money out for seven years, without putting a penny in, that most find a tad irritating.
