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JoelTheTiger

JoelTheTiger

Well-Known Member
Apr 29, 2011
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Anlaby
The accounts for City have been released this morning, some interesting stuff in there. The group loan has gone down from £42m to £39.5m, however debts to others (would assume mainly the EFL) have risen by a similar amount so we are in a similar owing position year on year. Apparently received a bid recently of £8m for an academy player too…

Link: https://find-and-update.company-inf...Y3N2FkaXF6a2N4/document?format=pdf&download=0
 
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Something weird - 'Money owed by other clubs for transfers fell from £18m to £400k. This seems odd as only received £3.3m in cash'.

We paid £38k a week in interest on loans (almost £2m) and though the debt to the owner reduced by £2.5m, there's a new outside loan for £3m.
 
So coming up to 11 years of Allam ownership City are still 39.5 million in debt to Allamhouse at a cost of 2 million per year in interest? how depressing
 
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originallambrettaman said:
Something weird - 'Money owed by other clubs for transfers fell from £18m to £400k. This seems odd as only received £3.3m in cash'.

We paid £38k a week in interest on loans (almost £2m) and though the debt to the owner reduced by £2.5m, there's a new outside loan for £3m.
Click to expand...

That does seem very very strange, best run club in football though…….
 
So how much is a club that has 40 million debt, almost no assets, running at a loss ( 8 million but the last year has been a bit out of the ordinary ) actually worth?
 
DJBlackandamberarmy(No4) said:
Trying to think of something intelligent too say so I can pretend I understand it all … get back to you later
Click to expand...
PUDSEYTIGER2ND said:
same here
Click to expand...

We have debts of 40 million, most of it to the Allams
In the last year we lost 8 million ( due to covid ? )
We don't have much in the way of assets (things that could be sold for money)
There is not as much money owed to Hull City for players we sold earlier as some people thought

Not looking good
 
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JoelTheTiger said:
The accounts for City have been released this morning, some interesting stuff in there. The group loan has gone down from £42m to £39.5m, however debts to others (would assume mainly the EFL) have risen by a similar amount so we are in a similar owing position year on year. Apparently received a bid recently of £8m for an academy player too…

Link: https://find-and-update.company-inf...Y3N2FkaXF6a2N4/document?format=pdf&download=0
Click to expand...

Where's that £8m academy player thing from? That sounds completely ridiculous.
 
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