by Stranded »
17 Mar 2023 13:32
One8Seven1* Anyone know what the current club debt is now? Bearing in mind we no longer own the stadium, land around the stadium, or training ground.
If I'm reading the accounts right - the total debt stands at 98m - of which 83m is owed to the owners. This is actually down from 116m last year.
The club is also currently owed 23m, though 19m of that is classed as "amounts owed by group undertakings" so likely money lent to say the Womens team over the years (amongst others).
Again if I am reading it right, and if not am sure someone will correct me, but The Reading Football Club Limited is the full owner of:
Reading FC Community Trust
RFC Bearwood Ltd
Reading Women's Football Club Ltd.
In total those 3 companies lost 2 million, and I think that can all be offset to P&S calcs.
If correct, from that and covid we have 4.5m of losses we can write off from P&S meaning our 17.25m loss becomes a 12.75m loss - bringing us in just under the 13m threshold.