Herbie6590

I’d be surprised if someone would pay good money for him TBH.

Your BRFCS POTM is Ryoya Morishita MOTM template.mp4

I haven’t been to RedBrick Mill for a while…gives me an excuse 😁

My thoughts… https://www.brfcs.com/articles/500-words-on-rain-and-the-pennines

On the plus side, rarely have I felt as well-informed about drainage, so there is that…👀

A suspended sentence might be in order…

please do - I was chatting with Ryan Hildred & Jonathan Secker 👍

There were plenty in the BBE

Second of the season (so far…) MOTM template.mp4

It’s a classic tax planning technique…but VLL isn’t profitable so not sure how much manipulation is realistically possible. 🤷‍♂️ Overdraft is relatively easy to window-dress as for instance debtors can be pressured to pay up in the run up to the accounting year end, credit taken can increase (keeping cash in the bank) etc. I seem to recall sometime, somewhere reading that football clubs are encouraged have to have a June 30th year end for regulatory/reporting consistency… Venky’s India has a March 31st y/e so that makes consolidation easier at that level.

See above…👆😉

The overdraft figure in the accounts is at a single point in time (the date the accounts closed- 31/3/25) - it doesn’t break down how many days at what ever level of usage. You could take the interest charge paid from the P&L (c.£2m) , the interest rate charged (say 7% - Base Plus Margin) & calculate the average balance… So c.£2m paid in interest for the year at say 7% implies a £28.5m average balance through the period for example.

This is me…the significant cost of travel & a ticket…the investment of travel time…especially when it’s on TV & nobody in the owners/exec group really seems to care makes it all too easy to not bother. I’m not sure at this point I’ll ever recover the enthusiasm I once had…I suspect I’m not alone.

Possibly yes…I guess you could argue that if they put us in admin they’d truly be beyond caring about any collateral damage & at least one relegation would be assured. There’s no getting away from the fact that Rovers have League One income but a Championship cost base. If I was tasked with running Rovers to break even then I’d be warning the fans to expect League Two football…

2.17% over base on an unsecured overdraft is pretty competitive TBH.

Similar yes…an extract from “Let’s Parlez Franglais Avec Rudy et Valerien” 😁

On average…at some points during the year presumably we were >+45 👀

Number of employees…

I’ve reserved the right to ask for a Porsche for Christmas 😉

I couldn’t find a disclosure in the VLL accounts but the club banks with State Bank of India so I think we can assume it’s the same entity. An important point on administration - the VLL accounts specifically say that there is NO DEBENTURE securing the overdraft. The bank therefore cannot call in an administrator, as it does not have the legal right so to do. For Rovers to go into administration they would have be placed there voluntarily by the directors. (See Sheffield Weds). This means the club would have to be trading insolvently (which opens up the directors to personal legal action) & so the directors protect themselves by calling in an admin. I suspect we were getting pretty close to that point until Adam was sold. That relieved the pressure. That’s why Waggott kept trumpeting the fact that the bills being paid on time was a cause for celebration. The increase in O/D is interesting - because from my days in corporate lending, an unsecured loan of £12m would usually require at the very least some form of inter-company guarantee or personal guarantees from the directors to “focus the minds” of the owners. If this O/D is truly, completely unsecured then SBI must really value the group relationship & be making plenty of money out of the arrangement fees.

Buy it & frame it 😉

Did you read my piece in the last 4000 Holes fanzine? 😆