STAR analysis on 2021/22 season accounts

[3points]

This year’s analysis on the STAR website

https://star-reading.org/wp-content/upl ... counts.pdf

[YorkshireRoyal99]

Nice little read overall to get a clear picture of where we are at.

Interesting points on Stoke, saying that they can't just waiver £120m of debt into equity when it comes to P&S regulations, and that turning debt into equity has no benefit to the profit & loss accounts. I wonder what that will mean for them.

Losing £23.5m on day-to-day operations isn't good though either from a cash flow perspective (just over £450k a week).

Still a lot of money owed to Mr Dai from the club, but if he's wanting to build a success like he says, then he should be willing to swallow these costs as well. Hopefully once that's cleared we can start moving forward again.

[tidus_mi2]

Nice little read overall to get a clear picture of where we are at.

Interesting points on Stoke, saying that they can't just waiver £120m of debt into equity when it comes to P&S regulations, and that turning debt into equity has no benefit to the profit & loss accounts. I wonder what that will mean for them.

Losing £23.5m on day-to-day operations isn't good though either from a cash flow perspective (just over £450k a week).

Still a lot of money owed to Mr Dai from the club, but if he's wanting to build a success like he says, then he should be willing to swallow these costs as well. Hopefully once that's cleared we can start moving forward again.

If that were true about Stoke, and I was under the impression it was, shouldn't the EFL be on their case as well?

[YorkshireRoyal99]

Nice little read overall to get a clear picture of where we are at.

Interesting points on Stoke, saying that they can't just waiver £120m of debt into equity when it comes to P&S regulations, and that turning debt into equity has no benefit to the profit & loss accounts. I wonder what that will mean for them.

Losing £23.5m on day-to-day operations isn't good though either from a cash flow perspective (just over £450k a week).

Still a lot of money owed to Mr Dai from the club, but if he's wanting to build a success like he says, then he should be willing to swallow these costs as well. Hopefully once that's cleared we can start moving forward again.

If that were true about Stoke, and I was under the impression it was, shouldn't the EFL be on their case as well?

Yes, you'd think so, unless they hadn't broken regulations in the first place. It does seem a bit strange that you could just do that though, otherwise surely you'd think every owner with the capacity to do so would just do it.

[72 bus]

Nice little read overall to get a clear picture of where we are at.

Interesting points on Stoke, saying that they can't just waiver £120m of debt into equity when it comes to P&S regulations, and that turning debt into equity has no benefit to the profit & loss accounts. I wonder what that will mean for them.

Losing £23.5m on day-to-day operations isn't good though either from a cash flow perspective (just over £450k a week).

Still a lot of money owed to Mr Dai from the club, but if he's wanting to build a success like he says, then he should be willing to swallow these costs as well. Hopefully once that's cleared we can start moving forward again.

If that were true about Stoke, and I was under the impression it was, shouldn't the EFL be on their case as well?

Yes, you'd think so, unless they hadn't broken regulations in the first place. It does seem a bit strange that you could just do that though, otherwise surely you'd think every owner with the capacity to do so would just do it.

Or, you could instead own multiple clubs buy a player for 1.somthing million sell him to your other club for 16.somthing million then loan him back to Wa***d the next day.
Rince repeat.

[tidus_mi2]

If that were true about Stoke, and I was under the impression it was, shouldn't the EFL be on their case as well?

Yes, you'd think so, unless they hadn't broken regulations in the first place. It does seem a bit strange that you could just do that though, otherwise surely you'd think every owner with the capacity to do so would just do it.

Or, you could instead own multiple clubs buy a player for 1.somthing million sell him to your other club for 16.somthing million then loan him back to Wa***d the next day.
Rince repeat.

At least the EFL appear to be investigating that one, so maybe Watford will be right oxf*rd if they don't get promoted.