Quote: Tony Fax "Bradford's 2023 accounts have finally appeared. No sign of the lease being capitalised. They made a profit of £22k but had net liabilities of £863k. I'm assuming they managed a profit through sponsorship income?
There is no related party note meaning the directors (or their businesses) mustn't be putting in their own money and the £1.3 million "other creditors" is coming from folk not associated directly with the club. Quite odd, if I was loaning the club loads of money I would want a seat on the BOD to make sure it's being spent wisely.'"
That seems to tie in with the lottery winner investor rumor then. Was told that the money put in was ring fenced for playing squad only but the irony is that maybe that money spent on off field investments may have got them that extra point or two which would have seen them get in SL. They have put together a quality squad for next year and should have a chance of winning the league but its not going to help them when it comes to getting in the closed shop.
