not the Zebra's mouth?

Balance sheet insolvent

explain

Liabilities exceed assets.

Now you will say how the debts are loans to directors, but facts are facts.

Doesnt worry me too much

so long as the income exceeds expenditure!

Hence the phrase "balance sheet insolvent" depends which way you view it. We are solvent in the sense of income meets expediture etc.

But if it came to a point where we needed to secure £1million for example, for the training facility, for example, it would come from directors, rather than be secured by the club against any assets.

Wheres Vince when we need him

Mrs B's?

You could never raise finance against intangible assets (players), the only way we can raise the money for the training facility would be via directors, especially as we don't own our ground.

Not having any tabgible assets also means we don't have many fixed liabilities.

Do you have any eggs that you can teach me to suck?

Sorry - but you blow eggs!

Sucking eggs is a nasty business.

True, but as Wellsy13 said the £500,000 emergency repairs on the South Stand were what took us to the £300,000 loss otherwise we would have made a profit of (obviously!) around £200,000.


There isnt any work on the South Stand planned for next season, whenever any work is undertaken I assume it will be a completely new stand, probably similar to the Carnegie Stand with seats on top and standing underneath.

Was funny when bite of new stand blew off and were all over the road though.
Was to us anyway......

I think you're overlooking the point that the directors who are owed the money are also the shareholders i.e. the owners of the company. When a company needs money its up to the shareholders to obtain it, or provide it themselves. That's why its not a problem.

Indeed, it's just HKC trying to have a dig at the board/shareholders again, fair enough when it's warranted, but when they ahve just posted the only genuine profit in SL it's a bit harsh.

It wasnt a dig at all, it was the facts being posted after Wilf claiming he'll get an accounting exclusive on our accounts for next week sock a thon.

Like i said in a post i'm not too worried about the balance sheet (except we have NO assets) i am bothered about if the club needs to secure further funding and we'll be further in bed with Kath n co!

And?

Say what you like.........our club is on a safe fianacial footing with those in charge and i would sooner have that than the other clubs debts....The board isnt perfect but they are going in the right direction and they are more open with us than before.......Why Kath...she isnt the majority shareholder but dont let facts get in your way...doesnt usually bother you.

we do have assets actually.

£150k of gym at Boulevard

I did'nt say anything about an exclusive where does it say that, I never intended to go through again what everyone else can read in the accounts I said that "I have asked an Accountant to comment on our last set of accounts and explain in laymans terms how they work, what player valuations, assets and liabilities, etc. have to do with it all"

In other words for us lot who are not as gifted as you in the accountancy dept I was intending to try and explain how they work rather than what they contain, you know the difference between the Balance sheet and the profit and loss account etc.

As for my 'the weekly sockathon' well how do you know it is that unless you read it every week, and if you do we can only presume it's with your sock at the ready.

Perhaps thats why your eyes sometimes let you down and you see Exclusives when they have never ever been mentioned.

I am not sure if HKC is jealous, bitter, or both to be honest Wilf, I know I am negative but credit has to be given where it is due.

Anyway, I'm off to see a solicitor, I've notice I'm "bank statement insolvent" this week!

You do remarkably well in your dealings with HKC. He is clearly obsessed with you, and I feel a restraining order may be necessary in the future. I reckon that if you did a diary all about how much you hated the board, he'd be wearing a Kath t-shirt by next week!