On whose site?

Independent My Gonads ??

Facebook

Oh righto!
I thought you meant casforum and took a look at what they were saying, nothing derogatory but they’re in total disbelief at how we’re building a stadium AND making a profit

The answer is.....Good management.

So does that put an end to the Skint, broke talk

It means our spend is restricted to what is recieved. Any excess from last years accounts will likely have been absorbed into last season or the stadium funds.

The Cas forum are saying they have made a profit of 473 + thousand pounds ,some one as got there sums wrong

Report says Shudds now have a total debt of £20 million. Good to hear.

Why is it a good thing to see a club in debt like that?

I felt rather proud reading that. Well done to all concerned.

Much as I’m all for pushing positives this is a misleading story.

These were figures published in 2021 so I’m guessing they are from the 2020 accounts and I clearly remember MC stating we were on target to make a small profit that year. This was fantastic can’t knock it,

However I also believe that for the 2021 and 2022 we have run at a trading loss. A small one I suspect but not a profit unless something has happened I have not factored in.

The last two years have seen a huge drop in income for all clubs, in our case about twenty percent. It’s this that has caused a short term negativity in our accounts.

This is not a bad thing, so long as it can be managed and I think it can. If we can continue down the road of well managed debt then we are fine and will recover.

Whatever our current losses are I’m massively confident that they are still the lowest in the game.

Finally for those still pondering, buying shares will go a long way to giving us a healthier balance sheet.