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Post by Deleted on Jul 15, 2023 5:13:08 GMT
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Post by Deleted on Jul 15, 2023 5:20:52 GMT
Once again, the auditors cast significant doubt on Ebbsfleet United’s ability to continue as a going concern.  The auditors also state they did not obtain all the information and explanations necessary for their audit, and were unable to determine whether adequate accounting records has been maintained.  |
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Post by Deleted on Jul 15, 2023 5:26:00 GMT
One reason for the increased loss is number of staff have risen from 36 to 50; 25 playing staff, 25 management and administration. Total wage and pensions bill is £1,521,085, which divided by 50 equals £30,421.70 per employee per year.  |
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Post by Deleted on Jul 15, 2023 5:34:33 GMT
Mention has been made elsewhere of a charge on the stadium. There is a £1,650,000 loan secured on buildings, fixtures and fittings.  |
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Post by Deleted on Jul 15, 2023 5:56:28 GMT
Bit touchy on their forum and there’s no reason to worry about finances.  Everyone knows I’m not just a saddo, but also a complete f**king c**t. And the problem with Ebbsfleet’s accounts is Maidstone fans, not an unsustainable business model. |
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Post by Deleted on Jul 15, 2023 7:02:55 GMT
Just posted these figures on the National League Facebook site to wind them up but they were taken down immediately by admin and I was issued with a warning🤣🤣🤣🤣🤣
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Post by Deleted on Jul 15, 2023 7:28:32 GMT
So their overall income was about £750k, which suggests they are spending £2.5 million, or over three times their income, to result in a £1.75 million loss.
No wonder we struggle to compete!
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Post by Deleted on Jul 15, 2023 8:06:23 GMT
Like I e said before, it’s all well and good until the doctor loses
Interest or can’t afford to pump in the cash. It’ll be more expensive for him this year.
When he does lose interest someone will either have to pay off his loan or he will have to write it off or convert to shares. Either way, I’d not sleep easy if I were a fan.
They’re not going to become sustainable overnight. They’ll do what Dover have done eventually. I hope it doesn’t cost them the club and hopefully the owner will play with a straight deck.
They’re not the only club doing this
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Post by Deleted on Jul 15, 2023 9:24:11 GMT
My post has now been accepted on the NL Facebook site and all hell is breaking loose, the Ebbsfleet fans on there seem unworried and see the debts as justifiable.
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Post by daveharris on Jul 15, 2023 11:11:38 GMT
My post has now been accepted on the NL Facebook site and all hell is breaking loose, the Ebbsfleet fans on there seem unworried and see the debts as justifiable. Wow whats more worrying to me is we have 3 mutual friends !  |
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Post by Deleted on Jul 15, 2023 12:41:43 GMT
Like I e said before, it’s all well and good until the doctor loses Interest or can’t afford to pump in the cash. It’ll be more expensive for him this year. When he does lose interest someone will either have to pay off his loan or he will have to write it off or convert to shares. Either way, I’d not sleep easy if I were a fan. They’re not going to become sustainable overnight. They’ll do what Dover have done eventually. I hope it doesn’t cost them the club and hopefully the owner will play with a straight deck. They’re not the only club doing this This is at least the second time (possibly the third?) in recent years that Northfleet have achieved promotion (or nearly!) after massive 'investment' injections. But each time, the good doctor has got cold feet and withdrawn his support shortly afterwards, and the club has sunk back down to their natural level again. Who amongst us thinks this isn't going to happen again? Never thought I'd write this, but I'm actually starting to feel sorry for Northfleet fans. |
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Post by Deleted on Jul 15, 2023 12:55:38 GMT
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Post by Deleted on Jul 16, 2023 7:42:12 GMT
Thought as much.
Madness!
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Post by Deleted on Jul 18, 2023 7:50:46 GMT
Those figures are stunning. I can partly understand the financial brinkmanship played out in the Championship season after season as at least a dozen clubs there think it will be their year to get into the PL, but what is the financial reward for getting into EFL 2? Is it really that significant or worth that level of financial risk?
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Post by Deleted on Jul 18, 2023 7:55:04 GMT
No.
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