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Analysis of our current finances by Price of Football today 10:25 - Jun 30 with 2394 viewsElderGrizzly

Confirms Evans wrote off £96m

Wages at £166 per £100 of revenue though 😳

£1.4m profit on players 👀





[Post edited 30 Jun 2022 10:32]
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Analysis of our current finances by Price of Football today on 10:30 - Jun 30 with 1767 viewsElderGrizzly

And of course a Bristol City fan replied…

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Analysis of our current finances by Price of Football today on 10:48 - Jun 30 with 1674 viewsThe_Flashing_Smile

Analysis of our current finances by Price of Football today on 10:30 - Jun 30 by ElderGrizzly

And of course a Bristol City fan replied…



I'm gonna stick my neck out here and say it won't be that interesting of a read.

Trust the process. Trust Phil.

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Analysis of our current finances by Price of Football today on 11:33 - Jun 30 with 1543 viewsIllinoisblue

Analysis of our current finances by Price of Football today on 10:48 - Jun 30 by The_Flashing_Smile

I'm gonna stick my neck out here and say it won't be that interesting of a read.


Next year will be interesting though…

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Analysis of our current finances by Price of Football today on 11:36 - Jun 30 with 1530 viewsdirtyboy

Analysis of our current finances by Price of Football today on 11:33 - Jun 30 by Illinoisblue

Next year will be interesting though…


These financial statements are largely meaningless, as you say YE 30/06/22 will give us much more insight into where things are headed in terms of turnover and wages.
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Analysis of our current finances by Price of Football today on 11:41 - Jun 30 with 1508 viewsElderGrizzly

Analysis of our current finances by Price of Football today on 11:36 - Jun 30 by dirtyboy

These financial statements are largely meaningless, as you say YE 30/06/22 will give us much more insight into where things are headed in terms of turnover and wages.


Not meaningless, as I was interested to see how much Evans really did write off vs pass on.

But as our US correspondent says, next year will be interesting for how much the wage bill has changed certainly.
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Analysis of our current finances by Price of Football today on 11:45 - Jun 30 with 1472 viewsIllinoisblue

Analysis of our current finances by Price of Football today on 11:41 - Jun 30 by ElderGrizzly

Not meaningless, as I was interested to see how much Evans really did write off vs pass on.

But as our US correspondent says, next year will be interesting for how much the wage bill has changed certainly.


Let’s hope we’re all high on the success of promotion to worry too much about the details next year!

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So Marcus Evans..... on 11:48 - Jun 30 with 1457 viewsBloots

....saved the club twice.

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Analysis of our current finances by Price of Football today on 14:36 - Jun 30 with 1255 viewsRegencyBlue

I’m sure Evans lost money but nowhere near this £96 million that keeps being bandied about.

He acquired something around £30 million of the debt at 0.20p in the pound when first taking over so £24 million of it at least was a paper debt only.

He supposedly picked up £40 odd million from Gamechanger for the club when he sold it.

I’m sure there was some creative accounting going on in setting trading losses at Town against profits at his other businesses for tax purposes, which would reduce his overall loss further.

People keep making out he was doing us a big favour by writing off this debt but I can’t see he had any other option. Nobody was going to buy the club saddled with that figure, particularly given the amount of investment then required to put right the damage caused by years of mismanagement and cost cutting under Evans.

Given what’s been found at the club by Ashton and co since the takeover I genuinely cannot see how anyone can give Evans any credit at all. He damn near destroyed us!
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Analysis of our current finances by Price of Football today on 14:41 - Jun 30 with 1241 viewsDyland

Analysis of our current finances by Price of Football today on 14:36 - Jun 30 by RegencyBlue

I’m sure Evans lost money but nowhere near this £96 million that keeps being bandied about.

He acquired something around £30 million of the debt at 0.20p in the pound when first taking over so £24 million of it at least was a paper debt only.

He supposedly picked up £40 odd million from Gamechanger for the club when he sold it.

I’m sure there was some creative accounting going on in setting trading losses at Town against profits at his other businesses for tax purposes, which would reduce his overall loss further.

People keep making out he was doing us a big favour by writing off this debt but I can’t see he had any other option. Nobody was going to buy the club saddled with that figure, particularly given the amount of investment then required to put right the damage caused by years of mismanagement and cost cutting under Evans.

Given what’s been found at the club by Ashton and co since the takeover I genuinely cannot see how anyone can give Evans any credit at all. He damn near destroyed us!


"I’m sure there was some creative accounting going on in setting trading losses at Town against profits at his other businesses for tax purposes, which would reduce his overall loss further"

Surely you can't hide debt annually and then just bung it on after ten years or whatever....

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Analysis of our current finances by Price of Football today on 14:47 - Jun 30 with 1223 viewsElderGrizzly

Analysis of our current finances by Price of Football today on 14:36 - Jun 30 by RegencyBlue

I’m sure Evans lost money but nowhere near this £96 million that keeps being bandied about.

He acquired something around £30 million of the debt at 0.20p in the pound when first taking over so £24 million of it at least was a paper debt only.

He supposedly picked up £40 odd million from Gamechanger for the club when he sold it.

I’m sure there was some creative accounting going on in setting trading losses at Town against profits at his other businesses for tax purposes, which would reduce his overall loss further.

People keep making out he was doing us a big favour by writing off this debt but I can’t see he had any other option. Nobody was going to buy the club saddled with that figure, particularly given the amount of investment then required to put right the damage caused by years of mismanagement and cost cutting under Evans.

Given what’s been found at the club by Ashton and co since the takeover I genuinely cannot see how anyone can give Evans any credit at all. He damn near destroyed us!


I'm not giving credit here, more just interested what Evans did really write off to get the sale over the line. So good to see it in a set of audited accounts.
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Analysis of our current finances by Price of Football today on 14:49 - Jun 30 with 1219 viewsVaughan8

Wages at £166 for every £100 of turnover. Wow.

Not many other businesses would survive that.
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Analysis of our current finances by Price of Football today on 14:51 - Jun 30 with 1191 viewschicoazul

Poor old Evans, you have to laugh. 100m flushed away.
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Analysis of our current finances by Price of Football today on 14:51 - Jun 30 with 1194 viewsDyland

Analysis of our current finances by Price of Football today on 14:47 - Jun 30 by ElderGrizzly

I'm not giving credit here, more just interested what Evans did really write off to get the sale over the line. So good to see it in a set of audited accounts.


Offsetting losses doesn't mean you aren't making losses either, right? Less than the top line figures maybe, but they are still losses even if against tax on profits elsewhere, or whatever.

No credit here for MEG either, but I don't get the idea he didn't waste/lose a significant amount of money. Whether it's impacted Marcus personally or not is another matter, and not knowing the bloke I'm disinterested one way or the other.

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Analysis of our current finances by Price of Football today on 14:52 - Jun 30 with 1185 viewsPhilTWTD

Analysis of our current finances by Price of Football today on 14:47 - Jun 30 by ElderGrizzly

I'm not giving credit here, more just interested what Evans did really write off to get the sale over the line. So good to see it in a set of audited accounts.


Was actually confirmed in last year's accounts:

Town Accounts Show Evans Waived or Settled £96m in Loans 1st Jul 2021 09:39
Football finance expert Kieran Maguire has given an assessment of Town’s accounts for the year to the end of June 2020 which were published yesterday and reveal that former owner Marcus Evans waived or settled almost £96 million in loans as part of the agreement which saw Gamechanger 20 take charge of the club in April. 56



Was always going to be the case, the expectation was that the loans were never going to be paid back barring a few years in the Premier League, and, as the poster above says, the club couldn't be sold without them being written off.
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Analysis of our current finances by Price of Football today on 14:53 - Jun 30 with 1178 viewsPhilTWTD

Analysis of our current finances by Price of Football today on 14:51 - Jun 30 by Dyland

Offsetting losses doesn't mean you aren't making losses either, right? Less than the top line figures maybe, but they are still losses even if against tax on profits elsewhere, or whatever.

No credit here for MEG either, but I don't get the idea he didn't waste/lose a significant amount of money. Whether it's impacted Marcus personally or not is another matter, and not knowing the bloke I'm disinterested one way or the other.


They were quite open that the losses were being offset elsewhere but, as you say, they're still losses.
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Analysis of our current finances by Price of Football today on 14:57 - Jun 30 with 1164 viewsElderGrizzly

Analysis of our current finances by Price of Football today on 14:53 - Jun 30 by PhilTWTD

They were quite open that the losses were being offset elsewhere but, as you say, they're still losses.


West Brom owner is sounding dodgy now. At least we aren't lending money to our owners

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Analysis of our current finances by Price of Football today on 14:57 - Jun 30 with 1160 viewsJammyDodgerrr

Analysis of our current finances by Price of Football today on 14:36 - Jun 30 by RegencyBlue

I’m sure Evans lost money but nowhere near this £96 million that keeps being bandied about.

He acquired something around £30 million of the debt at 0.20p in the pound when first taking over so £24 million of it at least was a paper debt only.

He supposedly picked up £40 odd million from Gamechanger for the club when he sold it.

I’m sure there was some creative accounting going on in setting trading losses at Town against profits at his other businesses for tax purposes, which would reduce his overall loss further.

People keep making out he was doing us a big favour by writing off this debt but I can’t see he had any other option. Nobody was going to buy the club saddled with that figure, particularly given the amount of investment then required to put right the damage caused by years of mismanagement and cost cutting under Evans.

Given what’s been found at the club by Ashton and co since the takeover I genuinely cannot see how anyone can give Evans any credit at all. He damn near destroyed us!


A loss is a loss, regardless of whether you are offsetting. You still lose money!

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Analysis of our current finances by Price of Football today on 14:58 - Jun 30 with 1159 viewsElderGrizzly

Analysis of our current finances by Price of Football today on 14:52 - Jun 30 by PhilTWTD

Was actually confirmed in last year's accounts:

Town Accounts Show Evans Waived or Settled £96m in Loans 1st Jul 2021 09:39
Football finance expert Kieran Maguire has given an assessment of Town’s accounts for the year to the end of June 2020 which were published yesterday and reveal that former owner Marcus Evans waived or settled almost £96 million in loans as part of the agreement which saw Gamechanger 20 take charge of the club in April. 56



Was always going to be the case, the expectation was that the loans were never going to be paid back barring a few years in the Premier League, and, as the poster above says, the club couldn't be sold without them being written off.


You and your time machine :)

Absolutely it was always the case debts would need to be written off for any sale. Either that or administration were our only two outs.
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Analysis of our current finances by Price of Football today on 14:59 - Jun 30 with 1154 viewsElderGrizzly

Analysis of our current finances by Price of Football today on 14:49 - Jun 30 by Vaughan8

Wages at £166 for every £100 of turnover. Wow.

Not many other businesses would survive that.


For context, Derby was 161% in their worst year.
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Analysis of our current finances by Price of Football today on 15:09 - Jun 30 with 1101 viewsVic

Analysis of our current finances by Price of Football today on 14:59 - Jun 30 by ElderGrizzly

For context, Derby was 161% in their worst year.




I sure hope we get turned round quickly because surely no company can sustain those figures for very long - especially not one that was purchased as an investment.

There's a lot riding on Ashton's and KM's head isn't there

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Analysis of our current finances by Price of Football today on 15:09 - Jun 30 with 1098 viewsFrankfurtBlue

Analysis of our current finances by Price of Football today on 14:49 - Jun 30 by Vaughan8

Wages at £166 for every £100 of turnover. Wow.

Not many other businesses would survive that.


When turnover was knocked sideways (ITFC lost ca. £4m in revenues) by Covid, it is more than a little misleading to make anything of those figures.
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Analysis of our current finances by Price of Football today on 15:10 - Jun 30 with 1096 viewsKieran_Knows

Analysis of our current finances by Price of Football today on 14:49 - Jun 30 by Vaughan8

Wages at £166 for every £100 of turnover. Wow.

Not many other businesses would survive that.


Some poor American is having to work an extra couple of years because their money is going down the pan.

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Analysis of our current finances by Price of Football today on 15:18 - Jun 30 with 1077 viewsVaughan8

Analysis of our current finances by Price of Football today on 15:09 - Jun 30 by FrankfurtBlue

When turnover was knocked sideways (ITFC lost ca. £4m in revenues) by Covid, it is more than a little misleading to make anything of those figures.


This is true so the figures are distorted a fair bit. However, it is definitely over £100.

That business model would be horrific in the outside the football bubble haha
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Analysis of our current finances by Price of Football today on 15:18 - Jun 30 with 1077 viewsElderGrizzly

Analysis of our current finances by Price of Football today on 15:09 - Jun 30 by FrankfurtBlue

When turnover was knocked sideways (ITFC lost ca. £4m in revenues) by Covid, it is more than a little misleading to make anything of those figures.


Yes, this year is going to be the telling one. New ownership, more control on costs, better sponsorship and better gate receipts from a year of no Covid disruption.

I'm sure we'll see an improvement.
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Analysis of our current finances by Price of Football today on 15:18 - Jun 30 with 1071 viewsdirtyboy

Analysis of our current finances by Price of Football today on 14:53 - Jun 30 by PhilTWTD

They were quite open that the losses were being offset elsewhere but, as you say, they're still losses.


Losses are losses.

Company A makes a loss of £100m

Company B makes a profit of £100m

Company A transfers loss to Company B so net position is £0.

Company B saves tax of say £20m.

Therefore still lost £80m overall.

That also assumes that there's total profits of £100m to offset all of the losses against (I doubt he made £100m a year if that makes sense?)

He lost a s**t load of cash, that's all anyone needs to know.
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