Though there would be a big drop for this season for central funding?

Yep they are interesting.

What it makes clear to me is that the club was not the basket case some suggest. In fact compared to some SL clubs it was positively solvent.

However it’s also clear that it was heavily beholden to its directors. This is not unusual but it’s clear to me that we’d hit the limit as to what the old directors could provide.

Always amused me does the asset value, it’s a real piece of accountants flim flam. Yes technically the East stand is an 8 million pound asset. However I’m unsure as to how anyone else other than Trinity could realise that it’s potential. In truth it’s worth bob all without a team that can fill it. But so far as our books are concerned it makes a huge difference.

So we’ve cleared all loans, which is brilliant as we have a clean sheet. We have assets. We have increased income despite relegation (bar SKY money). This income will only increase as the new East stands potential is fully realised.

Who wouldn’t want a RL club like that in SL - we will soon find out whether IMG are all they are cracked up to be - or if the insanity of RL will continue.

Yes, but do these accounts run for the same 12 months as the season? May be some crossover perhaps? I don’t know

Lets not forget, this is to Nov 23, so would still include central funding from us being in SL.

It`s actually a benefit to us (IMG wise) not to have central funding for this season as the IMG points comes from non centralised turnover, there are points to pick up based on % of non centralised funding against centralised, so that will give us a big boost come end of 25.

Exactly.
It sounds small but its a percentage of 0.75 points and some will get low points in this.

Great Post

I haven't rechecked it so im happy to be corrected but I didn't think we'd cleared all loans.
We have cleared the directors loans as they effectively donated the money as a gift.