Financial abyss awaiting Town

Shake a bit of life into this message board with the annual, this club is fecked when the Weavers jog on post.

Away from yet another year of big losses, this was ominously also included in the annual accounts......[You must be registered and logged in to see this image.]

This statement doesn't indicate the club fecked when the Weavers leave. . Furthermore the club was completely fecked before they arrived. So just enjoy the ride and hope that they keep their word that they leave the club in better shape then it was before they arrived.

Fair play for the response. Many don't seem to give a toss about the scale of losses and I suppose this is understandable at present....like worrying about the hangover during a drinking session. Ignorance is indeed bliss but in behaving like this the long term patrons of the club are failing in their role of asking questions that need asking for the good of the club long after the Weavers. The amount of losses would send any club of our size under, not to mention any obligation to repay strata.

The statement is certainly unusual, why make it if the long term is fine? And for me it has worrying warning signs....let's hope the recession doesn't impact for folks desire to buy pricey new builds eh.

I think a reread of that final paragraph bears this out.

It would be an invaluable question to hold the owners to in terms of writing off any of the +£5m debt that has been accrued on stratas books over the years. Simple question with a huge answer.

Leaving the club 'in a better state' is hugely subjective, particularly in the context of how the club is positioned as a sub co, the debt built up and the tone of the statement in their annual accounts.

Wonder if anyone has big enough balls to ask this question??

Will the debt be written off when they leave?

Simples

7 signings in the January window....all whilst the rest of the football world goes into hibernation and cut backs mode.....

The Weavers go on splashing the cash.....when I say cash, I mean the club's debt levels and money owing when Simon decides to give proper football management a go without daddy holding his hand and they leave the club. Daddy weaver gonna want the loan money back for strata homes.

The club literally paying with its future for Weavers career, something many of the town's new ranks of fans are either too new to bother about or blatantly sticking their heads in the sand in other cases.

All of these additional signings and cost in January.... progress? (Apart from the debt).

Interestingly not that all you head in the sand-ers care to consider......club's ownership changed hands last week. Be interesting to see if that was even communicated, seeing as it is the Weavers see stuff like that as being utterly above your heads.
Out of the tax avoidance vehicle that was strata homes and into Irving's name, following the resignation at the strata companies.

Could get VERY interesting for you lot, soon. Particularly given the comments in the last full accounts.

Good luck in the bandwagon of ignorance. Still many of you will go back to supporting other clubs.