2018/19 accounts

[Jon Palmer]

Some details here: http://bit.ly/201819Accounts" onclick="window.open(this.href);return false;

[Robin]

Slightly concerning we only made a small profit given the Pell money and possibly the Eisa money would have come into the club at this time or would they be the following years accounts?

[kags]

Guessing we spent it all on paying off GJ, and then going with a big squad including a few loans until end of season.
Also clearing down some significant loans.

[Red Duke]

Paying off the loans would have the reduced the profitability, it would aslo have the benefit of reducing the tax bill.

[RegencyCheltenhamSpa]

Duff and Varney won’t be cheap. Not Reid.

Ultimately, any profit in lower league football has to be viewed as great achievement. I suspect you can count the other profitable clubs on two hands.

[leohoenig]

Duff and Varney won’t be cheap. Not Reid.

Ultimately, any profit in lower league football has to be viewed as great achievement. I suspect you can count the other profitable clubs on two hands.

One Hand - Port Vale, Luton, FGR, Newport County and Yeovil - although these are 2017-18 figures.
Not many clubs released 2018-19 yet, with only one reporting a profit so far

[RegencyCheltenhamSpa]

Duff and Varney won’t be cheap. Not Reid.

Ultimately, any profit in lower league football has to be viewed as great achievement. I suspect you can count the other profitable clubs on two hands.

One Hand - Port Vale, Luton, FGR, Newport County and Yeovil - although these are 2017-18 figures.
Not many clubs released 2018-19 yet, with only one reporting a profit so far

FGR accounts for 18-19 are released and show a big loss. News article here: https://www.stroudnewsandjournal.co.uk/ ... -accounts/" onclick="window.open(this.href);return false;

I pasted a direct link to the accounts in the Fool on The Hill thread.

[Book Keeper]

Paying off the loans would have the reduced the profitability, it would aslo have the benefit of reducing the tax bill.

For any non-accountants out there (and I'm guessing that includes Mr Duke), loans are a Balance Sheet item not a Profit and Loss Account item.
Therefore, paying off loans would not reduce profit nor reduce the tax bill!

[Book Keeper]

For me, one of the most interesting disclosures was that £47,500 was incurred "acquiring player registrations" in the 12 months to 31/05/2019.
We paid [undisclosed] fees for Addai and Duku that year, but everyone else that came in was on a free..........

[ctfc-fan]

Paying off the loans would have the reduced the profitability, it would aslo have the benefit of reducing the tax bill.

For any non-accountants out there (and I'm guessing that includes Mr Duke), loans are a Balance Sheet item not a Profit and Loss Account item.
Therefore, paying off loans would not reduce profit nor reduce the tax bill!

Depends if it’s a directors loan or a loan player he means as both would have a different effect on the accounts.

[paperboy]

For me, one of the most interesting disclosures was that £47,500 was incurred "acquiring player registrations" in the 12 months to 31/05/2019.
We paid [undisclosed] fees for Addai and Duku that year, but everyone else that came in was on a free..........

Pure guess,but might it be agent fees?

[RegencyCheltenhamSpa]

For me, one of the most interesting disclosures was that £47,500 was incurred "acquiring player registrations" in the 12 months to 31/05/2019.
We paid [undisclosed] fees for Addai and Duku that year, but everyone else that came in was on a free..........

Pure guess,but might it be agent fees?

Almost certainly. Plus signing on fees.