Quote DemonUK="DemonUK"If a club has been left debt free as reported, how is that financial mismanagement?'"
My only concern on that statement is the 'Directors Loans' showing in the company accounts, if these are wrote off we are debt free, if they are pulled in we go bump - ie it looks like AT covered the shortfalls/paid the bills via directors loans, which seems to be standard practice in sport btw.
The immediate concern was replacing AT's monthly loan, without that we have/had a short term problem and I believe that is where the gap between income and outgoings was stated to be £100k this season.
Long term we need to fill the gap via income and cost controls, that means increasing gates, renegotiating with LSV on both cost and retained income, external income from investment/donations.
I hope we can put solutions in place this week.