Sobering stuff and underlines, once again, our dependency on a certain Mr Gibson.
Boro Accounts 21-22
- Thread starter sparkins
- Start date
Air Resistance
Well-known member
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.
And as is always true with our club, the less we seem to spend on players, the better they actually seem to turn out.
ThatFragranceGuy
Well-known member
People will still bang in about it being trousered
Decent_Left
Well-known member
Losses down to “only” £365k a week. That’s a hell of an expensive season ticket.
NorthumberlandBoro
Well-known member
It is, but he does qualify for the free pint.
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.
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.
Teesste
Well-known member
Without a doubt! Unless theres another very rich benefactor waiting in the wings.. which seems unlikely
Anton_Berg
Well-known member
If only more people on here would read this. In particular the ones who think Gibson has been lining his pockets these last 15 years or so.
InglebyUTB
Well-known member
He is certainly not “pouring in the cash”
The club is losing £365k a week - and he is covering it. What else, exactly, would you have him do?
clay
Well-known member
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!
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!
Johnny Vincents Motorbike
Well-known member
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.
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.
BoroMart
Well-known member
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.