Boro Accounts 21-22

Sobering indeed. Happy that Mr Gibson continues to pour in the cash via the parent company, but this is one of the reasons you won’t find me criticising the club for not spending the Spence and Tav money.

And as is always true with our club, the less we seem to spend on players, the better they actually seem to turn out.
 
How has Covid [over a year without spectators] effected those figures?
How do those figures compare with other football clubs?
Just to put them in perspective
:unsure:
 
Is it really that shocking, wages of players massively outweigh ticket sales and merch, unless we pay our players £5k per week we will always lose money in this division without regularly selling players for significant profits.you can see why clubs roll the dice as this being in this league is not sustainable long term.

Makes wasting millions on project players such as payero and hoppe with no experience in this league all the more baffling unless we are very confident they will make us a decent profit in the future.
 
What does all this mean for us? Without Gibson are we completely sunk without trace?
No more MFC? Is it that drastic?
 
Sobering indeed. Happy that Mr Gibson continues to pour in the cash via the parent company, but this is one of the reasons you won’t find me criticising the club for not spending the Spence and Tav money.

And as is always true with our club, the less we seem to spend on players, the better they actually seem to turn out.
He is certainly not “pouring in the cash”
 
He is pouring in cash.

While the debt stays on the balance sheet, there's an open question of whether he expects some/all of that cash to pour back out to him, or whether he's already mentally written it off. I believe the latter, but I know others on here believe the debt burden is a noose around the club's neck.

Only one person knows the truth, but it won't stop fans arguing about it!
 
where are the usual suspects who come on here bawling like a baby who hasn't seen a t!t of milk in weeks about Gibson's ownership and how it should be done.

you know the ones - they will come back to it when we next hit a losing streak or don't pay £25million for the Gyorkes of this world.

give them the short shrift they deserve - absolute shysters.
 
It was this part, that while not a huge shock, broughtView attachment 48843 a sharp intake of breath
Not really, yes we need prem football, but it's not brown pants time yet. I'm sure many clubs are technically insolvent, we have changed our business strategy now to resolve this, by buying younger playing assets and making profit from them. These accounts don't take into account the sales of Spence and Tav which might readdress that asset:debt ratio.
 
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