Page 1 of 1

Luton lead clubs calling for financial reform

PostPosted: Thu Jul 01, 2021 11:12 am
by tim-sanchez

Re: Luton lead clubs calling for financial reform

PostPosted: Thu Jul 01, 2021 11:15 am
by tim-sanchez
One of our fans is working with them as an advisor: https://www.fairgameuk.org/our-structure

Re: Luton lead clubs calling for financial reform

PostPosted: Thu Jul 01, 2021 11:36 am
by P/T Indie
Someone has posted Ipswich's accounts on twitter they are £100million in debt :shock:

There average saalry is £6500 per week and they are running an operating loss of £160K per week!!

Interestingly their EFL & TV payments last year were £2,759,000 which seems quite high are they still getting parachute payments?

Andy Holt had also commented on it and said he had been speaking to Tracy Crouch who is leading the review into football.

Re: Luton lead clubs calling for financial reform

PostPosted: Thu Jul 01, 2021 12:04 pm
by marky No.1
June 2020, not a very optimistic report to say the least:
:
"The directors concluded that the Companys available resources and ongoing financial support from other parties are sufficient to allow the Company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. The directors acknowledge that there can be no certainty and therefore acknowledge that a material uncertainty relating to going concern exists, although at the date of approval of these financial statements, they have no reason to believe that it will not do so."

Re: Luton lead clubs calling for financial reform

PostPosted: Thu Jul 01, 2021 12:30 pm
by P/T Indie
Marcus Evans the owner just writes all the losses off.

It's a shame as not long ago they were a well run club.