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Post by SuperOx on Jan 21, 2011 20:41:51 GMT
For the year ended 31st May 2010: £8m of long term debt £2.5m of short term debt Current assets including cash and money owed to it is £1.8m. Turnover of more than £5m and an operating profit of £500k after transfer gains of almost £1m. They also break down their turnover so you an see what revenue is generated from sponsorship and advertising, commercial activities, ticket sales and other matchday income and income from the FA and Football League. www.swindontownfc.co.uk/staticFiles/25/67/0,,10341~157477,00.pdf |
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Post by peterdevo on Jan 21, 2011 21:10:58 GMT
Unfortunately it does not look that bad as short term debts could be reduced by selling Charlie Austin.
Long term debt need not present that much of a problem if it is being gradually reduced...just like my mortgage
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Post by stokeu on Jan 21, 2011 21:53:31 GMT
you've got an £8million mortgage? where do you live?
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Post by Gavin Archery on Jan 22, 2011 17:33:17 GMT
I don't think the Oxford fans forum is the place for Swindon financials.
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Post by scoob on Jan 22, 2011 23:01:35 GMT
Unfortunately it does not look that bad as short term debts could be reduced by selling Charlie Austin. Long term debt need not present that much of a problem if it is being gradually reduced...just like my mortgage Shame it not like a mortgage then. Note 14 on Page 17 says that it unsecured and interest free but repayable in 2015. It reduced by £622,000 in the year to 31st May 2010 but Sir Martyn Arbib lent the club £1M in the same year, so the long term debt increased, but this is repayable in 2013. It appears that he is worth several hundred times that amount so I guess he will sort it out when it is due. I also guess this is why almost £10M worth of new shares were authorised in 2009 (£2M then issued to existing shareholders under a rights issue) so they will be used to convert outstanding debt into share capital in due course. The club made a profit of over £400k but that was after player sales of over £900k so unles they trim expenditure they will have to carry on selling players even if Austin brings in a lump of cash this year. Relegation to L2 will make life very difficult for them if they dont avoid the drop. |
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Post by scoob on Jan 22, 2011 23:23:55 GMT
I don't think the Oxford fans forum is the place for Swindon financials. Tough its here! |
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Post by Gavin Archery on Jan 23, 2011 8:20:10 GMT
I don't think the Oxford fans forum is the place for Swindon financials. Tough its here!  |
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