No it doesn't. Its says there has been a massive increase in turn-over and an increase in ordinary shares. It does not say who those shareholders are or which organisation have contributing through the focus on commercial side ; either or both could quite easily be Ecotricity.The Old TomCat wrote:Full details in GloucestershireLive article, which shows that massive financial profit increase is not from Ecotricity.Artemis wrote:The key point is that they are themselves their own sponsors. I'd suggest this figure is largely accountancy hokus pokus made possible by FGR's ownership structure, and with significant financial advantages to Ecotricity too, as well as sustainability PR guff for FGR.
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As I say, many things are possible through accountancy hokus pokus and company ownership structures. For example, the parent company employing or remunerating players. Gates of 2,500 simply can't sustain an investment of £3.5 million on the first team and academy.